Scott Erickson - Feb 20, 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Officer
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Scott Erickson
Stock symbol
CWAN
Transactions as of
Feb 20, 2023
Transactions value $
-$288,808
Form type
4
Date filed
2/22/2023, 05:25 PM
Previous filing
Jan 4, 2023
Next filing
Aug 8, 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 +41.9K +195.57% $0.00 63.3K Feb 21, 2023 Direct F1
transaction CWAN Class A Common Stock Tax liability -$289K -15.1K -23.85% $19.12 48.2K Feb 21, 2023 Direct F2

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 Award $0 +250K $0.00 250K Feb 20, 2023 Class A Common Stock 250K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on September 24, 2021. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2022.
F2 The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Performance Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F3 Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Class A Common Stock.
F4 The reported RSUs will vest in four 25% installments on each of the first four anniversaries of January 1, 2022 and will settle within thirty days of the applicable vesting date.
F5 This represents the unvested portion of the RSUs granted on February 20, 2023 and does not include other RSUs with different grant dates or vesting terms.