Sandeep Sahai - 01 Jan 2024 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
01 Jan 2024
Net transactions value
-$2,526,444
Form type
4
Filing time
03 Jan 2024, 16:29:35 UTC
Previous filing
19 Dec 2023
Next filing
18 Jan 2024
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 $0 +93,862 +272% $0.000000 128,313 01 Jan 2024 Direct F1
transaction CWAN Class A Common Stock Tax liability $847,910 -42,332 -33% $20.03 85,981 01 Jan 2024 Direct F2
transaction CWAN Class A Common Stock Options Exercise $0 +201,458 +234% $0.000000 287,439 01 Jan 2024 Direct
transaction CWAN Class A Common Stock Tax liability $1,678,534 -83,801 -29% $20.03 203,638 01 Jan 2024 Direct

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 Options Exercise $0 -93,862 -33% $0.000000 187,722 01 Jan 2024 Class A Common Stock 93,862 $0.000000 Direct F3, F4
transaction CWAN Restricted Stock Unit Options Exercise $0 -201,458 -25% $0.000000 604,373 01 Jan 2024 Class A Common Stock 201,458 $0.000000 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 1 share of Class A Common Stock purchased on November 30, 2023, as part of the Issuer's Employee Stock Purchase Plan. In accordance with the Plan, these shares were purchased at a price equal to 85% of the lower of the closing price of the Issuer's Class A Common Stock on June 1, 2023, or November 30, 2023 in transactions exempted by Rule 16b-3(c) and/or Rule 16b-3(d).
F2 The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F3 The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable date. The Vesting Period Commencement Date began on 01-Jan-2022.
F4 This represents the unvested portion of the RSUs granted on September 24, 2021 and does not include other RSUs with different vesting terms.
F5 The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable date. The Vesting Period Commencement Date began on 01-Jan-2023.
F6 This represents the unvested portion of the RSUs granted on February 20, 2023 and does not include other RSUs with different vesting terms.