Eric J. Lee - 25 Jun 2026 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Reporting relationship: Director
Issuer ticker: CWAN
Reported as of: 25 Jun 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 25 Jun 2026, 20:07:16 UTC
Prior SEC filing: 16 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Alphonse Valbrune, as Attorney-in-Fact, for Eric J. Lee

Key filing fact

Eric J. Lee filed Form 4 for Clearwater Analytics Holdings, Inc. (CWAN) on 25 Jun 2026.

Key facts

This page summarizes Eric J. Lee's Form 4 filing for Clearwater Analytics Holdings, Inc. (CWAN).
4 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 25 Jun 2026, 20:07.

Change

Previous filing in this sequence was filed on 16 Jun 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001413863 Primary reporting owner

Lee Eric J.

Relationship: Director
Address: C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900, BOISE
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact, for Eric J. Lee
Signature date: 25 Jun 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CWAN transaction

Class A Common Stock

Options Exercise

Transaction value
Shares: +220,137
Change %: +71%
Price
Shares after: 531,457
Date: 25 Jun 2026
Ownership: See footnote
Footnotes: F1, F2, F3

CWAN transaction

Class B Common Stock

Options Exercise

Transaction value
Shares: -220,137
Change %: -100%
Price
Shares after: 0
Date: 25 Jun 2026
Ownership: See footnote
Footnotes: F2, F4

CWAN transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -531,457
Change %: -100%
Price: $24.55^*
Shares after: 0
Date: 25 Jun 2026
Ownership: See footnote
Footnotes: F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CWAN transaction Derivative

CWAN Holdings LLC Interests

Options Exercise

Transaction value
Shares: -220,137
Change %: -100%
Price
Shares after: 0
Date: 25 Jun 2026
Ownership: See footnote
Underlying class: Class A Common Stock
Underlying amount: 220,137
Exercise price
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eric J. Lee is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 5 footnotes

Footnote F1

The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 20, 2025, by and among the Issuer, GT Silver BidCo, Inc. ("Parent") and GT Silver Merger Sub, Inc., a wholly-owned subsidiary of Parent. Under the terms of the Merger Agreement, each share of the Issuer's Class A Common Stock issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") was converted into the right to receive an amount in cash equal to $24.55 per share, without interest (the "Merger Consideration").

Footnote F2

Immediately prior to the Effective Time, the Issuer exercised its right to require each holder of CWAN Holdings LLC Interests ("LLC Interests") to exchange all of such holder's LLC Interests for shares of Class A Common Stock (resulting in the cancellation of all of such holder's shares of Class B Common Stock). Each share of Class A Common Stock issued in the exchange was entitled to receive the Merger Consideration.

Footnote F3

The reported securities consist of 402,620 shares of Class A Common Stock held directly by the Reporting Person and 128,837 shares of Class A Common Stock held by Eric J Lee 2014 Irrevocable Trust.

Footnote F4

The reported securities consist of 166,771 shares of Class B Common Stock that were held directly by the Reporting Person and 53,366 shares of Class B Common Stock that were held by Eric J Lee 2014 Irrevocable Trust.

Footnote F5

The reported securities consist of 166,771 LLC Interests that were held directly by the Reporting Person and 53,366 LLC Interests that were held by Eric J Lee 2014 Irrevocable Trust.