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: WARBURG PINCUS LLC (Director, 10% Owner)
Reporting Person: WP CA Holdco, L.P. (Director, 10% Owner)
Reporting Person: WP CA Holdco GP, LLC (Director, 10% Owner)
Reporting Person: Warburg Pincus (Callisto) Global Growth (Cayman), L.P. (Director, 10% Owner)
Reporting Person: Warburg Pincus Financial Sector (Cayman), L.P. (Director, 10% Owner)
Reporting Person: Warburg Pincus (Cayman) Global Growth GP, L.P. (Director, 10% Owner)
Reporting Person: Warburg Pincus (Cayman) Financial Sector GP, L.P. (Director, 10% Owner)
Reporting Person: Warburg Pincus (Cayman) Global Growth GP LLC (Director, 10% Owner)
Reporting Person: Warburg Pincus (Cayman) Financial Sector GP LLC (Director, 10% Owner)
Reporting Person: Warburg Pincus Partners II (Cayman), L.P. (Director, 10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class D Common Stock	33222826	Indirect

Footnotes

F1: Upon the earlier of (i) the date that affiliates of Welsh, Carson, Anderson & Stowe own less than 5% of the Issuer's common stock and (ii) the seventh anniversary of the closing of the Issuer's initial public offering, each share of Class D Common Stock will automatically convert into a share of Class A Common Stock.

F2: Reflects securities held directly by WP CA Holdco, L.P. ("WP Holdco"). The general partner of WP Holdco is WP CA Holdco GP, LLC ("WP Holdco GP"). The managing members of WP Holdco GP are Warburg Pincus (Callisto) Global Growth (Cayman), L.P. ("WP Callisto") and Warburg Pincus Financial Sector (Cayman), L.P. ("WP FS", and together with WP Callisto, the "Holdco GP Managers"). WP LLC is the manager of the Holdco GP Managers. Warburg Pincus (Cayman) Global Growth GP, L.P. ("WP GG Cayman GP") is the general partner of WP Callisto. Warburg Pincus (Cayman) Financial Sector GP, L.P. ("WP FS Cayman GP") is the general partner of WP FS. Warburg Pincus (Cayman) Global Growth GP LLC ("WP GG Cayman GP LLC") is the general partner of WP GG Cayman GP.

F3: Warburg Pincus (Cayman) Financial Sector GP LLC ("WP FS Cayman GP LLC") is the general partner of WP FS Cayman GP. Warburg Pincus Partners II (Cayman), L.P. ("WPP II Cayman") is the managing member of each of WP GG Cayman GP LLC and WP FS Cayman GP LLC. Warburg Pincus (Bermuda) Private Equity GP Ltd. is the general partner of WPP II Cayman. Investment and voting decisions with respect to the Issuer's shares held by WP Holdco are made by a committee comprised of three or more individuals and all members of such committee disclaim beneficial ownership of the Issuer's shares.