Sandeep Sahai - 30 Aug 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Issuer symbol
CWAN
Transactions as of
30 Aug 2023
Net transactions value
-$2,888,513
Form type
4
Filing time
01 Sep 2023, 15:26:13 UTC
Previous filing
08 Aug 2023
Next filing
19 Sep 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $134,396 +33,599 +20% $4.00 202,070 30 Aug 2023 Direct
transaction CWAN Class A Common Stock Tax liability $347,070 -19,245 -9.5% $18.03 182,825 30 Aug 2023 Direct
transaction CWAN Class A Common Stock Sale $2,675,839 -148,375 -81% $18.03 34,450 30 Aug 2023 Direct F1, 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 Stock Option (Right to Buy) Options Exercise $0 -33,599 -78% $0.000000 9,671 30 Aug 2023 Class A Common Stock 33,599 $4.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 17, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $18.00 USD to $18.11 USD; the price reported above reflects the weighted average sale price.
F3 Vests 20,000 share(s) on 01-Jan-2018, 20,000 share(s) on 01-Jan-2019, 20,000 share(s) on 01-Jan-2020, 33,000 share(s) on 02-Nov-2020, 3,500 share(s) on 01-Jan-2021, 3,500 share(s) on 01-Jan-2022