Souvik Das - 01 Jan 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Chief Technology Officer
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das
Issuer symbol: CWAN
Transactions as of: 01 Jan 2024
Net transactions value: -$762,782
Form type: 4
Filing time: 03 Jan 2024, 16:29:51 UTC
Previous filing: 17 Aug 2023
Next filing: 10 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	+4,687	+136%	$0.000000	8,121	01 Jan 2024	Direct	F1
transaction	CWAN	Class A Common Stock	Tax liability	$47,591	-2,376	-29%	$20.03	5,745	01 Jan 2024	Direct	F2
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+9,375	+163%	$0.000000	15,120	01 Jan 2024	Direct
transaction	CWAN	Class A Common Stock	Tax liability	$95,183	-4,752	-31%	$20.03	10,368	01 Jan 2024	Direct	F2
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+75,000	+723%	$0.000000	85,368	01 Jan 2024	Direct
transaction	CWAN	Class A Common Stock	Tax liability	$620,009	-30,954	-36%	$20.03	54,414	01 Jan 2024	Direct	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	Restricted Stock Unit	Options Exercise	$0	-4,687	-33%	$0.000000	9,375	01 Jan 2024	Class A Common Stock	4,687	$0.000000	Direct	F3, F4
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-9,375	-33%	$0.000000	18,750	01 Jan 2024	Class A Common Stock	9,375	$0.000000	Direct	F3, F5
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-75,000	-25%	$0.000000	225,000	01 Jan 2024	Class A Common Stock	75,000	$0.000000	Direct	F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 155 shares 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 grant dates or vesting terms.
F5	This represents the unvested portion of the RSUs granted on March 18, 2022 and does not include other RSUs with different grant dates or vesting terms.
F6	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.
F7	This represents the unvested portion of the RSUs granted on February 20, 2023 and does not include other RSUs with different grant dates or vesting terms.