Subi Sethi - Feb 28, 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Subi Sethi
Stock symbol
CWAN
Transactions as of
Feb 28, 2024
Transactions value $
-$790,839
Form type
4
Date filed
3/1/2024, 05:09 PM
Previous filing
Jan 3, 2024
Next filing
Apr 4, 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 +66.7K +147.74% $0.00 112K Feb 28, 2024 Direct F1
transaction CWAN Class A Common Stock Tax liability -$585K -30.1K -26.93% $19.44 81.7K Feb 28, 2024 Direct F2
transaction CWAN Class A Common Stock Options Exercise $0 +23.4K +28.68% $0.00 105K Feb 28, 2024 Direct F3
transaction CWAN Class A Common Stock Tax liability -$206K -10.6K -10.06% $19.44 94.5K Feb 28, 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 Award $0 +125K $0.00 125K Feb 28, 2024 Class A Common Stock 125K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on February 20, 2023. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2023.
F2 The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Performance Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F3 The Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on September 24, 2021. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2023.
F4 Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Class A Common Stock.
F5 6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2024, and will settle within thirty days of the applicable vesting date. date.
F6 This represents the unvested portion of the RSUs granted on February 28, 2024 and does not include other RSUs with different grant dates or vesting terms.