Scott Erickson - Mar 3, 2025 Form 4 Insider Report for Clearwater Analytics Holdings, Inc. (CWAN)

Signature
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Scott Erickson
Stock symbol
CWAN
Transactions as of
Mar 3, 2025
Transactions value $
-$3,853,447
Form type
4
Date filed
3/4/2025, 06:15 PM
Previous filing
Feb 21, 2025
Next filing
Mar 11, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CWAN Class A Common Stock Options Exercise $38.9K +9.72K +7.8% $4.00 134K Mar 3, 2025 Direct
transaction CWAN Class A Common Stock Tax liability -$172K -5.58K -4.15% $30.82 129K Mar 3, 2025 Direct F1
transaction CWAN Class A Common Stock Sale -$125K -4.14K -3.22% $30.18 125K Mar 3, 2025 Direct F2
transaction CWAN Class A Common Stock Sale -$3.6M -117K -93.66% $30.80 7.9K Mar 3, 2025 Direct F2, F3

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 -9.72K -5.24% $0.00 176K Mar 3, 2025 Class A Common Stock 9.72K $4.00 Direct F4
* 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 This disposition represents shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 22, 2024.
F3 This transaction was executed in multiple trades at prices ranging from $30.15 USD to $31.46 USD; the price reported above reflects the weighted average sale price.
F4 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