Sandeep Sahai - 15 Feb 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Issuer symbol
CWAN
Transactions as of
15 Feb 2024
Net transactions value
-$1,797,707
Form type
4
Filing time
21 Feb 2024, 10:09:28 UTC
Previous filing
18 Jan 2024
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $515,680 +117,200 +58% $4.40 320,838 15 Feb 2024 Direct
transaction CWAN Class A Common Stock Sale $986,940 -50,000 -16% $19.74 270,838 15 Feb 2024 Direct F1, F2
transaction CWAN Class A Common Stock Tax liability $1,326,447 -67,200 -25% $19.74 203,638 15 Feb 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 Stock Option (Right to Buy) Options Exercise $0 -117,200 -23% $0.000000 401,023 15 Feb 2024 Class A Common Stock 117,200 $4.40 Direct F3
* 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 $19.52 USD to $19.92 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.