Sandeep Sahai - Dec 9, 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Stock symbol
CWAN
Transactions as of
Dec 9, 2024
Transactions value $
-$7,335,302
Form type
4
Date filed
12/10/2024, 04:06 PM
Previous 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 $1.32M +299K +67.68% $4.40 741K Dec 9, 2024 Direct F1
transaction CWAN Class A Common Stock Tax liability -$4.62M -160K -21.57% $28.94 581K Dec 9, 2024 Direct
transaction CWAN Class A Common Stock Sale -$4.03M -139K -23.96% $28.94 442K Dec 9, 2024 Direct F2, F3

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 -299K -74.55% $0.00 102K Dec 9, 2024 Class A Common Stock 299K $4.40 Direct F4
* 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 Reflects a correction to the previously reported amount of securities beneficially owned. As a result of a scrivener's error, a Form 4 was filed on March 1, 2024 that resulted in the number of securities beneficially owned by the Reporting Person to be understated by 125,149 shares.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 9, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $28.70 USD to $29.73 USD; the price reported above reflects the weighted average sale price.
F4 Vests 370,000 share(s) on 19-Mar-2019, 370,000 share(s) on 19-Mar-2020, 610,500 share(s) on 02-Nov-2020, 166,500 share(s) on 19-Mar-2021, 166,500 share(s) on 19-Mar-2022, 166,500 share(s) on 19-Mar-2023