Jacques Aigrain - Mar 13, 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Director
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Jacques Aigrain
Stock symbol
CWAN
Transactions as of
Mar 13, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 07:26 PM
Previous filing
Aug 3, 2022
Next filing
Mar 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class B Common Stock Conversion of derivative security -25K -100% 0 Mar 13, 2023 Direct F1
transaction CWAN Class A Common Stock Conversion of derivative security +25K 25K Mar 13, 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 CWAN Holdings LLC Conversion of derivative security -25K -100% 0 Mar 13, 2023 Class A Common Stock 25K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Class B Common Stock do not represent economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation or as required by applicable law, holders of Class B Common Stock will be initially entitled to 1 vote per share on all matters to be voted on by the Issuer's stockholders generally. The Reporting Person may exchange all or a portion of such person's CWAN Holdings LLC Interests ("LLC Interests") (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock from time to time, subject to customary adjustments, or, at the election of the Issuer, a cash payment equal to the 20 day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date.