Subi Sethi - Dec 31, 2024 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Role: Chief Client Officer
Signature: /s/ Alphonse Valbrune, as Attorney-in-Fact, for Subi Sethi
Stock symbol: CWAN
Transactions as of: Dec 31, 2024
Transactions value $: -$793,677
Form type: 4
Date filed: 1/3/2025, 04:15 PM
Previous filing: Oct 1, 2024
Next filing: Feb 18, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+7.81K	+9.07%	$0.00	93.9K	Dec 31, 2024	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$96.8K	-3.52K	-3.75%	$27.52	90.4K	Dec 31, 2024	Direct	F1
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+50K	+55.31%	$0.00	140K	Jan 1, 2025	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$479K	-17.4K	-12.4%	$27.52	123K	Jan 1, 2025	Direct	F1
transaction	CWAN	Class A Common Stock	Options Exercise	$0	+17.6K	+14.29%	$0.00	141K	Jan 1, 2025	Direct
transaction	CWAN	Class A Common Stock	Tax liability	-$218K	-7.92K	-5.63%	$27.52	133K	Jan 1, 2025	Direct	F1

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	-7.81K	-7.69%	$0.00	93.8K	Dec 31, 2024	Class A Common Stock	7.81K	$0.00	Direct	F2, F3
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-50K	-33.33%	$0.00	100K	Jan 1, 2025	Class A Common Stock	50K	$0.00	Direct	F4, F5
transaction	CWAN	Restricted Stock Unit	Options Exercise	$0	-17.6K	-50%	$0.00	17.6K	Jan 1, 2025	Class A Common Stock	17.6K	$0.00	Direct	F6, F7

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

Explanation of Responses:

Id	Content
F1	The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F2	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.
F3	This represents the unvested portion of the RSUs granted on February 28, 2024 and does not include other RSUs with different grant dates or vesting terms.
F4	The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable vesting date, beginning on 01-Jan-2023
F5	This represents the unvested portion of the RSUs granted on February 20, 2023 and does not include other RSUs with different grant dates or vesting terms.
F6	The Restricted Stock Units shall vest in 25% installments on each of the first four (4) anniversaries of the Vesting Period Commencement Date, provided that Participant does not incur a Termination prior to the applicable vesting date, beginning on 01-Jan-2022
F7	This represents the unvested portion of the RSUs granted on September 24, 2021 and does not include other RSUs with different grant dates or vesting terms.