Souvik Das - Jan 1, 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
Stock symbol: CWAN
Transactions as of: Jan 1, 2024
Transactions value $: -$762,782
Form type: 4
Date filed: 1/3/2024, 04:29 PM
Previous filing: Aug 17, 2023
Next filing: Jan 10, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+4.69K	+136.49%	$0.00	8.12K	Jan 1, 2024	Direct	F1
transaction	CWAN	Class A Common Stock	Tax liability	-$47.6K	-2.38K	-29.26%	$20.03	5.75K	Jan 1, 2024	Direct	F2
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+9.38K	+163.19%	$0.00	15.1K	Jan 1, 2024	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$95.2K	-4.75K	-31.43%	$20.03	10.4K	Jan 1, 2024	Direct	F2
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+75K	+723.38%	$0.00	85.4K	Jan 1, 2024	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$620K	-31K	-36.26%	$20.03	54.4K	Jan 1, 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	-4.69K	-33.33%	$0.00	9.38K	Jan 1, 2024	Class A Common Stock	4.69K	$0.00	Direct	F3, F4
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-9.38K	-33.33%	$0.00	18.8K	Jan 1, 2024	Class A Common Stock	9.38K	$0.00	Direct	F3, F5
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-75K	-25%	$0.00	225K	Jan 1, 2024	Class A Common Stock	75K	$0.00	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.