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

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das
Stock symbol
CWAN
Transactions as of
Jan 1, 2023
Transactions value $
-$100,706
Form type
4
Date filed
1/4/2023, 04:28 PM
Previous filing
Nov 15, 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 +14.1K +898.02% $0.00 15.6K Jan 1, 2023 Direct
transaction CWAN Class A Common Stock Tax liability -$101K -5.37K -34.37% $18.75 10.3K 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 -4.69K -25% $0.00 14.1K Jan 1, 2023 Class A Common Stock 4.69K $0.00 Direct F2, F3
transaction CWAN Restricted Stock Unit Options Exercise $0 -9.38K -25% $0.00 28.1K Jan 1, 2023 Class A Common Stock 9.38K $0.00 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition 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.
F4 This represents the unvested portion of the RSUs granted on March 18, 2022 and does not include other RSUs with different vesting terms.