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Clearwater Analytics Holdings, Inc. — Director's Dealing 2024
Mar 1, 2024
30926_dirs_2024-03-01_276cff9f-5e2b-4db0-afae-33b4362a26a0.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Clearwater Analytics Holdings, Inc. (CWAN)
CIK: 0001866368
Period of Report: 2024-02-28
Reporting Person: Erickson Scott Stanley (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-28 | Class A Common Stock | M | 83333.00 | $0.00 | Acquired | 138133.00 | Direct |
| 2024-02-28 | Class A Common Stock | F | 42542.00 | $19.44 | Disposed | 95591.00 | Direct |
| 2024-02-28 | Class A Common Stock | M | 41898.00 | $0.00 | Acquired | 137489.00 | Direct |
| 2024-02-28 | Class A Common Stock | F | 21389.00 | $19.44 | Disposed | 116100.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-28 | Restricted Stock Unit | $ | A | 50000.00 | Acquired | 2034-01-01 | Class A Common Stock (50000.00) | Direct |
Footnotes
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 February 20, 2023. The eligible PSUs vested based on the Issuer's achievement of certain performance criteria based on revenue growth in 2023.
F2: The disposition reported on this Form 4 represents shares withheld to cover tax withholding obligations in connection with the vesting and settlement of Performance Stock Units. The disposition is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.
F3: 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 2023.
F4: Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Class A Common Stock.
F5: 6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2024, and will settle within thirty days of the applicable vesting date.
F6: This represents the unvested portion of the RSUs granted on February 28, 2024 and does not include other RSUs with different grant dates or vesting terms.