Clearwater Analytics Holdings, Inc. — Director's Dealing 2021

Sep 24, 2021

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Clearwater Analytics Holdings, Inc. (CWAN)
CIK: 0001866368
Period of Report: 2021-09-23

Reporting Person: AIGRAIN JACQUES (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	25000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
CWAN Holdings LLC Interests	$		Class A Common Stock (25000)		Direct
Employee Stock Option (right to buy)	$12.40	2031-03-08	Class A Common Stock (48387)		Direct

Footnotes

F1: Shares of Class B Common Stock do not represent economic interests in the issuer. Upon exchange of CWAN Holdings LLC Interests ("LLC Interests") that are held by the Reporting Person and reported in Table II hereof, an equal number of the reported shares of the Issuer's Class B Common Stock will be transferred to the Issuer and cancelled for no consideration.

F2: Pursuant to the Third Amended and Restated Limited Liability Company Agreement of CWAN Holdings, the Reporting Person may exchange all or a portion of such person's LLC Interests (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock from time to time, subject to customary adjustments, or, at the election of the Issuer, a cash payment equal to the 20-day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date.

F3: The reported securities are options which vest in four equal annual installments beginning on and including March 8, 2022.