Scott Erickson - 30 Aug 2023 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role
Officer
Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Scott Erickson
Issuer symbol
CWAN
Transactions as of
30 Aug 2023
Net transactions value
-$923,866
Form type
4
Filing time
01 Sep 2023, 16:26:54 UTC
Previous filing
08 Aug 2023
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $29,420 +7,355 +16% $4.00 54,672 30 Aug 2023 Direct
transaction CWAN Class A Common Stock Tax liability $82,087 -4,554 -8.3% $18.03 50,118 30 Aug 2023 Direct
transaction CWAN Class A Common Stock Sale $871,199 -48,332 -96% $18.03 1,786 30 Aug 2023 Direct F1, F2

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 -7,355 -2.8% $0.000000 252,265 30 Aug 2023 Class A Common Stock 7,355 $4.00 Direct F3
* 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 sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 16, 2023.
F2 This transaction was executed in multiple trades at prices ranging from $18.00 USD to $18.10 USD; the price reported above reflects the weighted average sale price.
F3 Vests 198,000 share(s) on 02-Nov-2020, 120,000 share(s) on 24-Jan-2018, 120,000 share(s) on 16-Jan-2019, 120,000 share(s) on 21-Jan-2020, 21,000 share(s) on 05-Mar-2021, 21,000 share(s) on 01-Jan-2022