Sandeep Sahai - Sep 15, 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
Stock symbol
CWAN
Transactions as of
Sep 15, 2023
Transactions value $
-$1,743,414
Form type
4
Date filed
9/19/2023, 11:51 AM
Previous filing
Sep 1, 2023
Next filing
Oct 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $183K +41.7K +120.94% $4.40 76.1K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Tax liability -$460K -24K -31.6% $19.14 52.1K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Sale -$337K -17.6K -33.83% $19.14 34.5K Sep 15, 2023 Direct F1, F2
transaction CWAN Class A Common Stock Options Exercise $260K +64.9K +188.4% $4.00 99.4K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Tax liability -$703K -36.7K -36.96% $19.14 62.6K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Sale -$540K -28.2K -45% $19.14 34.5K Sep 15, 2023 Direct F1, F2
transaction CWAN Class A Common Stock Options Exercise $38.7K +9.67K +28.07% $4.00 44.1K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Tax liability -$105K -5.47K -12.4% $19.14 38.6K Sep 15, 2023 Direct
transaction CWAN Class A Common Stock Sale -$80.4K -4.2K -10.86% $19.14 34.5K Sep 15, 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 -41.7K -4.06% $0.00 985K Sep 15, 2023 Class A Common Stock 41.7K $4.40 Direct F3
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -64.9K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 64.9K $4.00 Direct F4
transaction CWAN Stock Option (Right to Buy) Options Exercise $0 -9.67K -100% $0.00* 0 Sep 15, 2023 Class A Common Stock 9.67K $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