Sandeep Sahai - 13 May 2025 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Chief Executive Officer, Director
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Issuer symbol
CWAN
Transactions as of
13 May 2025
Net transactions value
-$2,211,827
Form type
4
Filing time
14 May 2025, 18:14:30 UTC
Previous filing
15 Apr 2025
Next filing
16 Jun 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sahai Sandeep Chief Executive Officer, Director C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE /s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai 13 May 2025 0001879927

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $489,399 +111,227 +13% $4.40 987,981 13 May 2025 Direct
transaction CWAN Class A Common Stock Tax liability $1,486,941 -61,227 -6.2% $24.29 926,754 13 May 2025 Direct F1
transaction CWAN Class A Common Stock Sale $1,214,285 -50,000 -5.4% $24.29 876,754 13 May 2025 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 -111,227 -10% $0.000000 988,339 13 May 2025 Class A Common Stock 111,227 $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 This disposition represents shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
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 $23.91 USD to $24.53 USD; the price reported above reflects the weighted average sale price.
F4 Vests 915,750 share(s) on 02-Nov-2020, 555,000 share(s) on 16-Jan-2019, 555,000 share(s) on 21-Jan-2020, 249,750 share(s) on 05-Mar-2021, 249,750 share(s) on 01-Jan-2022, 249,750 share(s) on 01-Jan-2023