Scott Erickson - Jun 7, 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Chief Revenue Officer
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Scott Erickson
Stock symbol
CWAN
Transactions as of
Jun 7, 2024
Transactions value $
-$2,457,540
Form type
4
Date filed
6/10/2024, 04:47 PM
Previous filing
Apr 4, 2024
Next filing
Jul 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $39.6K +9.91K +8.42% $4.00 128K Jun 7, 2024 Direct
transaction CWAN Class A Common Stock Tax liability -$122K -6.02K -4.72% $20.24 122K Jun 7, 2024 Direct
transaction CWAN Class A Common Stock Sale -$78.7K -3.89K -3.2% $20.24 118K Jun 7, 2024 Direct F1
transaction CWAN Class A Common Stock Sale -$2.3M -114K -97.18% $20.09 3.32K Jun 7, 2024 Direct F1, 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 Stock Option (Right to Buy) Options Exercise $0 -9.91K -3.93% $0.00 242K Jun 7, 2024 Class A Common Stock 9.91K $4.00 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 8, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $19.84 USD to $20.27 USD; the price reported above reflects the weighted average sale price.
F3 Vests 198,000 share(s) on 02-Nov-2020, 120,000 share(s) on 24-Jan-2018, 120,000 share(s) on 16-Jan-2019, 120,000 share(s) on 21-Jan-2020, 21,000 share(s) on 05-Mar-2021, 21,000 share(s) on 01-Jan-2022

Remarks:

Chief Revenue Officer