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

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Issuer symbol
CWAN
Transactions as of
13 Jun 2025
Net transactions value
-$2,026,551
Form type
4
Filing time
16 Jun 2025, 19:58:35 UTC
Previous filing
14 May 2025
Next filing
02 Jul 2025

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 16 Jun 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 $499,506 +113,524 +13% $4.40 990,278 13 Jun 2025 Direct
transaction CWAN Class A Common Stock Tax liability $1,413,492 -63,524 -6.4% $22.25 926,754 13 Jun 2025 Direct F1
transaction CWAN Class A Common Stock Sale $1,112,565 -50,000 -5.4% $22.25 876,754 13 Jun 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 -113,524 -11% $0.000000 874,815 13 Jun 2025 Class A Common Stock 113,524 $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 The sale reported on this Form 4 includes shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options. The sale 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 $22.0000 USD to $22.6600 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