Kathleen Corbet - Dec 15, 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Director
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact for Kathleen Corbet
Stock symbol: CWAN
Transactions as of: Dec 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 4/22/2024, 04:43 PM
Previous filing: Jun 26, 2023
Next filing: Jun 20, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class B Common Stock	Conversion of derivative security		-20.2K	-100%		0	Dec 15, 2023	Direct	F1
transaction	CWAN	Class A Common Stock	Conversion of derivative security		+20.2K	+388.46%		25.4K	Dec 15, 2023	Direct	F1

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	CWAN Holdings LLC	Conversion of derivative security		-20.2K	-100%		0	Dec 15, 2023	Class A Common Stock	20.2K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	Shares of Class B Common Stock do not represent economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation or as required by applicable law, holders of Class B Common Stock will be initially entitled to 1 vote per share on all matters to be voted on by the Issuer's stockholders generally. The Reporting Person may exchange all or a portion of such person's CWAN Holdings LLC Interests ("LLC Interests") (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock from time to time, subject to customary adjustments, or, at the election of the Issuer, a cash payment equal to the 20 day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date.

Content

Shares of Class B Common Stock do not represent economic interests in the Issuer. Except as provided in the Issuer's certificate of incorporation or as required by applicable law, holders of Class B Common Stock will be initially entitled to 1 vote per share on all matters to be voted on by the Issuer's stockholders generally. The Reporting Person may exchange all or a portion of such person's CWAN Holdings LLC Interests ("LLC Interests") (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock from time to time, subject to customary adjustments, or, at the election of the Issuer, a cash payment equal to the 20 day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date.