Souvik Das - 30 Jun 2025 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Chief Technology Officer
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das
Issuer symbol: CWAN
Transactions as of: 30 Jun 2025
Transactions value $: -$114,283
Form type: 4
Filing time: 02 Jul 2025, 16:54:34 UTC
Previous filing: 02 Apr 2025
Next filing: 21 Aug 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Das Souvik	Chief Technology Officer	C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	02 Jul 2025	0001879939

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+4.69K	+3.4%	$0.00	143K	30 Jun 2025	Direct	F1, F2
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+5.16K	+3.61%	$0.00	148K	30 Jun 2025	Direct	F1
transaction	CWAN	Class A Common Stock	Sale	-$54.4K	-2.51K	-1.7%	$21.67	145K	30 Jun 2025	Direct	F3
transaction	CWAN	Class A Common Stock	Sale	-$59.9K	-2.76K	-1.9%	$21.67	143K	30 Jun 2025	Direct	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	Restricted Stock Unit	Options Exercise	$0	-4.69K	-9.09%	$0.00	46.9K	30 Jun 2025	Class A Common Stock	4.69K	$0.00	Direct	F4
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-5.16K	-6.67%	$0.00	72.2K	30 Jun 2025	Class A Common Stock	5.16K	$0.00	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent shares acquired upon the vesting of Restricted Stock Units ("RSUs").
F2	Include shares acquired on May 30, 2025, pursuant to the issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(c).
F3	The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
F4	6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2024, and will settle within thirty days of the applicable vesting date.
F5	6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2025, and will settle within thirty days of the applicable vesting date.