Subi Sethi - Feb 19, 2025 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
Feb 19, 2025
Transactions value $
-$1,878,877
Form type
4
Date filed
2/21/2025, 10:44 AM
Previous filing
Feb 18, 2025
Next filing
Apr 2, 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 +23.4K +17.67% $0.00 156K Feb 19, 2025 Direct F1
transaction CWAN Class A Common Stock Sale -$334K -11.1K -7.12% $30.07 145K Feb 19, 2025 Direct F2
transaction CWAN Class A Common Stock Options Exercise $0 +66.7K +45.99% $0.00 212K Feb 19, 2025 Direct F3
transaction CWAN Class A Common Stock Sale -$951K -31.6K -14.94% $30.07 180K Feb 19, 2025 Direct F2
transaction CWAN Class A Common Stock Options Exercise $0 +41.7K +23.14% $0.00 222K Feb 19, 2025 Direct F4
transaction CWAN Class A Common Stock Sale -$594K -19.8K -8.91% $30.07 202K Feb 19, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on September 24, 2021. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2024.
F2 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 performance 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.
F3 This Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on February 20, 2023. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2024.
F4 This Class A Common Stock represents shares acquired by the Reporting Person from the vesting of performance stock units ("PSUs") issued to the Reporting Person on February 28, 2024. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2024.