Clearwater Analytics Holdings, Inc. — Director's Dealing 2025

Oct 17, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clearwater Analytics Holdings, Inc. (CWAN)
CIK: 0001866368
Period of Report: 2025-10-15

Reporting Person: Cox James S (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-15	Class A Common Stock	M	16898.00	$4.40	Acquired	360881.00	Direct
2025-10-15	Class A Common Stock	S	6275.00	$17.92	Disposed	354606.00	Direct
2025-10-15	Class A Common Stock	F	10623.00	$17.92	Disposed	343983.00	Direct
2025-10-15	Class A Common Stock	S	5000.00	$18.0459	Disposed	338983.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-15	Stock Option (Right to Buy)	$4.40	M	16898.00	Disposed	2029-05-20	Class A Common Stock (16898.00)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2024.

F2: The sale reported on this Form 4 includes shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options. The sale is mandated by the Issuer and does not represent a discretionary transaction by the Reporting Person.

F3: This transaction was executed in multiple trades at prices ranging from 17.96 USD to 18.17 USD. The price reported above reflects the weighted average sale price.

F4: Vests 297,000 share(s) on 02-Nov-2020, 180,000 share(s) on 21-Jan-2020, 105,750 share(s) on 05-Mar-2021, 105,750 share(s) on 01-Jan-2022, 105,750 share(s) on 01-Jan-2023, 105,750 share(s) on 01-Jan-2024