Scott Erickson - Sep 10, 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Scott Erickson
Stock symbol
CWAN
Transactions as of
Sep 10, 2024
Transactions value $
-$188,750
Form type
4
Date filed
9/11/2024, 06:04 PM
Previous filing
Aug 12, 2024
Next filing
Oct 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 $38.2K +9.56K +197.3% $4.00 14.4K Sep 10, 2024 Direct
transaction CWAN Class A Common Stock Tax liability -$135K -5.67K -39.35% $23.75 8.73K Sep 10, 2024 Direct
transaction CWAN Class A Common Stock Sale -$92.4K -3.89K -44.54% $23.75 4.84K Sep 10, 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 -9.56K -4.29% $0.00 213K Sep 10, 2024 Class A Common Stock 9.56K $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 $23.55 USD to $24.11 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