Gayatri Raman - Jan 1, 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: President, Europe and Asia
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact, for Gayatri Raman
Stock symbol: CWAN
Transactions as of: Jan 1, 2023
Transactions value $: -$240,462
Form type: 4
Date filed: 1/4/2023, 04:23 PM
Previous filing: Dec 14, 2022
Next filing: Feb 22, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+27.3K		$0.00	27.3K	Jan 1, 2023	Direct
transaction	CWAN	Class A Common Stock	Sale	-$240K	-13.1K	-48.07%	$18.34	14.2K	Jan 1, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-27.3K	-25%	$0.00	81.8K	Jan 1, 2023	Class A Common Stock	27.3K	$0.00	Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares sold to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F2	The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable. The Vesting Period Commencement Date began on 01-Jan-2022
F3	This represents the unvested portion of the RSUs granted on September 24, 2021 and does not include other RSUs with different vesting terms.