Scott Erickson - 07 Jun 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
Issuer symbol
CWAN
Transactions as of
07 Jun 2024
Net transactions value
-$2,457,540
Form type
4
Filing time
10 Jun 2024, 16:47:38 UTC
Previous filing
04 Apr 2024
Next filing
01 Jul 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $39,620 +9,905 +8.4% $4.00 127,534 07 Jun 2024 Direct
transaction CWAN Class A Common Stock Tax liability $121,744 -6,015 -4.7% $20.24 121,519 07 Jun 2024 Direct
transaction CWAN Class A Common Stock Sale $78,734 -3,890 -3.2% $20.24 117,629 07 Jun 2024 Direct F1
transaction CWAN Class A Common Stock Sale $2,296,683 -114,314 -97% $20.09 3,315 07 Jun 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 -9,905 -3.9% $0.000000 242,360 07 Jun 2024 Class A Common Stock 9,905 $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