James S. Cox - 15 Aug 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Jim Cox
Issuer symbol
CWAN
Transactions as of
15 Aug 2024
Net transactions value
-$656,799
Form type
4
Filing time
19 Aug 2024, 13:55:44 UTC
Previous filing
02 Aug 2024
Next filing
17 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $150,168 +34,129 +15% $4.40 266,632 15 Aug 2024 Direct
transaction CWAN Class A Common Stock Tax liability $483,036 -20,429 -7.7% $23.64 246,203 15 Aug 2024 Direct
transaction CWAN Class A Common Stock Sale $323,931 -13,700 -5.6% $23.64 232,503 15 Aug 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 -34,129 -19% $0.000000 141,749 15 Aug 2024 Class A Common Stock 34,129 $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 11, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $23.50 USD to $23.88 USD; the price reported above reflects the weighted average sale price.
F3 Vests 120,000 share(s) on 20-May-2020, 198,000 share(s) on 02-Nov-2020, 70,500 share(s) on 20-May-2021, 70,500 share(s) on 20-May-2022, 70,500 share(s) on 20-May-2023, 70,500 share(s) on 20-May-2024