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

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai
Stock symbol
CWAN
Transactions as of
Jan 13, 2025
Transactions value $
-$2,357,683
Form type
4
Date filed
1/15/2025, 08:55 AM
Previous filing
Jan 3, 2025
Next filing
Feb 18, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $483K +110K +17.82% $4.40 726K Jan 13, 2025 Direct
transaction CWAN Class A Common Stock Tax liability -$1.55M -59.7K -8.23% $25.89 666K Jan 13, 2025 Direct
transaction CWAN Class A Common Stock Sale -$1.29M -50K -7.51% $25.89 616K Jan 13, 2025 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 -110K -7.13% $0.00 1.43M Jan 13, 2025 Class A Common Stock 110K $4.40 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 September 9, 2024.
F2 This transaction was executed in multiple trades at prices ranging from $25.42 USD to $27.04 USD; the price reported above reflects the weighted average sale price.
F3 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