Gayatri Raman - 01 Jan 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
Issuer symbol: CWAN
Transactions as of: 01 Jan 2023
Net transactions value: -$240,462
Form type: 4
Filing time: 04 Jan 2023, 16:23:20 UTC
Previous filing: 14 Dec 2022
Next filing: 22 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+27,283		$0.000000	27,283	01 Jan 2023	Direct
transaction	CWAN	Class A Common Stock	Sale	$240,462	-13,114	-48%	$18.34	14,169	01 Jan 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	-27,283	-25%	$0.000000	81,848	01 Jan 2023	Class A Common Stock	27,283	$0.000000	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.