Sandeep Sahai - 15 Sep 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Chief Executive Officer, Director
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Issuer symbol
CWAN
Transactions as of
15 Sep 2023
Net transactions value
-$1,743,414
Form type
4
Filing time
19 Sep 2023, 11:51:56 UTC
Previous filing
01 Sep 2023
Next filing
17 Oct 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 $183,317 +41,663 +121% $4.40 76,113 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Tax liability $460,324 -24,048 -32% $19.14 52,065 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Sale $337,185 -17,615 -34% $19.14 34,450 15 Sep 2023 Direct F1, F2
transaction CWAN Class A Common Stock Options Exercise $259,620 +64,905 +188% $4.00 99,355 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Tax liability $702,871 -36,719 -37% $19.14 62,636 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Sale $539,534 -28,186 -45% $19.14 34,450 15 Sep 2023 Direct F1, F2
transaction CWAN Class A Common Stock Options Exercise $38,684 +9,671 +28% $4.00 44,121 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Tax liability $104,744 -5,472 -12% $19.14 38,649 15 Sep 2023 Direct
transaction CWAN Class A Common Stock Sale $80,377 -4,199 -11% $19.14 34,450 15 Sep 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 -41,663 -4.1% $0.000000 984,532 15 Sep 2023 Class A Common Stock 41,663 $4.40 Direct F3
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -64,905 -100% $0.000000* 0 15 Sep 2023 Class A Common Stock 64,905 $4.00 Direct F4
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -9,671 -100% $0.000000* 0 15 Sep 2023 Class A Common Stock 9,671 $4.00 Direct F5
* 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 $18.96 USD to $19.36 USD; the price reported above reflects the weighted average sale price.
F3 Vests 370,000 share(s) on 19-Mar-2019, 370,000 share(s) on 19-Mar-2020, 610,500 share(s) on 02-Nov-2020, 166,500 share(s) on 19-Mar-2021, 166,500 share(s) on 19-Mar-2022, 166,500 share(s) on 19-Mar-2023
F4 Vests 49,500 share(s) on 02-Nov-2020, 30,000 share(s) on 24-Jan-2018, 30,000 share(s) on 16-Jan-2019, 30,000 share(s) on 21-Jan-2020, 5,250 share(s) on 05-Mar-2021, 5,250 share(s) on 01-Jan-2022
F5 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