[Form 4] Clearwater Analytics Holdings, Inc. Insider Trading Activity
Sandeep Sahai, CEO and director of Clearwater Analytics Holdings, Inc. (CWAN), completed option exercises and related transactions on 08/20/2025. He exercised a stock option to acquire 7,094 shares at a $4.40 exercise price and immediately settled those shares. To cover tax withholding on the exercise, 4,056 shares were withheld by the issuer. Separately, 3,038 shares were sold under a Rule 10b5-1 trading plan at a weighted average price of $20.01. After these transactions the reporting person鈥檚 beneficial ownership of Class A common stock related to derivative holdings is reported as 754,073 shares.
Sandeep Sahai, CEO e direttore di Clearwater Analytics Holdings, Inc. (CWAN), ha completato l'esercizio di opzioni e le relative operazioni il 20/08/2025. Ha esercitato un'opzione su azioni per acquisire 7.094 azioni a un prezzo di esercizio di $4,40 e ha immediatamente liquidato tali azioni. Per coprire le ritenute fiscali sull'esercizio, l'emittente ha trattenuto 4.056 azioni. Separatamente, 3.038 azioni sono state vendute nell'ambito di un piano di trading ai sensi della Rule 10b5-1 a un prezzo medio ponderato di $20,01. Dopo queste operazioni, la propriet脿 effettiva della persona che segnala relativamente a partecipazioni derivanti in azioni ordinarie di Classe A 猫 riportata in 754.073 azioni.
Sandeep Sahai, CEO y director de Clearwater Analytics Holdings, Inc. (CWAN), complet贸 ejercicios de opciones y transacciones relacionadas el 20/08/2025. Ejerci贸 una opci贸n sobre acciones para adquirir 7.094 acciones a un precio de ejercicio de $4,40 y liquid贸 esas acciones de inmediato. Para cubrir la retenci贸n fiscal por el ejercicio, el emisor retuvo 4.056 acciones. Por separado, 3.038 acciones se vendieron bajo un plan de negociaci贸n conforme a la Regla 10b5-1 a un precio medio ponderado de $20,01. Tras estas transacciones, la tenencia beneficiaria de la persona informante sobre acciones ordinarias Clase A relacionadas con participaciones derivadas se informa como 754.073 acciones.
Clearwater Analytics Holdings, Inc.(CWAN)鞚� CEO 瓴� 鞚挫偓鞚� Sandeep Sahai電� 2025-08-20鞐� 鞀ろ啞鞓奠厴 頄夓偓 氚� 甏�霠� 瓯半灅毳� 鞕勲頄堨姷雼堧嫟. 攴鸽姅 欤检嫕毵れ垬靹犿儩甓岇潉 頄夓偓頃橃棳 頄夓偓臧�瓴� $4.40鞙茧 7,094欤茧ゼ 旆摑頃橁碃 頃措嫻 欤检嫕鞚� 歃夓嫓 鞝曥偘頄堨姷雼堧嫟. 頄夓偓鞐� 雽�頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 氚滍枆靷姅 4,056欤茧ゼ 鞗愳矞歆曥垬頄堨姷雼堧嫟. 氤勲弰搿�, 3,038欤茧姅 Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 臧�欷戫弶攴� 臧�瓴� $20.01搿� 毵る弰霅橃棃鞀惦媹雼�. 鞚措煬頃� 瓯半灅 頉� 氤搓碃鞚胳潣 韺岇儩靸來拡 甏�霠� 韥措灅鞀� A 氤错喌欤检潣 鞁れ 氤挫湢電� 754,073欤茧 氤搓碃霅╇媹雼�.
Sandeep Sahai, PDG et administrateur de Clearwater Analytics Holdings, Inc. (CWAN), a r茅alis茅 l'exercice d'options et les transactions connexes le 20/08/2025. Il a exerc茅 une option d'achat d'actions pour acqu茅rir 7 094 actions au prix d'exercice de 4,40 $ et a imm茅diatement r茅gl茅 ces actions. Pour couvrir la retenue fiscale li茅e 脿 l'exercice, l'茅metteur a retenu 4 056 actions. Par ailleurs, 3 038 actions ont 茅t茅 vendues dans le cadre d'un plan de trading conforme 脿 la r猫gle 10b5-1 au prix moyen pond茅r茅 de 20,01 $. Apr猫s ces op茅rations, la d茅tention effective de la personne d茅clarante sur les actions ordinaires de cat茅gorie A li茅es 脿 des positions d茅riv茅es est d茅clar茅e 脿 754 073 actions.
Sandeep Sahai, CEO und Direktor von Clearwater Analytics Holdings, Inc. (CWAN), schloss am 20.08.2025 Optionsaus眉bungen und zugeh枚rige Transaktionen ab. Er 眉bte eine Aktienoption aus, um 7.094 Aktien zum Aus眉bungspreis von $4,40 zu erwerben, und beglich diese Aktien sofort. Zur Deckung der Steuerabzugsverpflichtungen aus der Aus眉bung wurden vom Emittenten 4.056 Aktien einbehalten. Separat wurden 3.038 Aktien im Rahmen eines Rule-10b5-1-Handelsplans zu einem gewogenen Durchschnittspreis von $20,01 verkauft. Nach diesen Transaktionen wird das wirtschaftliche Eigentum der meldenden Person an Stammaktien der Klasse A im Zusammenhang mit derivativen Best盲nden mit 754.073 Aktien angegeben.
- Option exercise completed: 7,094 shares acquired via exercise at a $4.40 exercise price on 08/20/2025
- Transactions executed under compliant mechanisms: sales were made under a Rule 10b5-1 trading plan and withholding was issuer-mandated
- Net reduction in transferable shares: 4,056 shares were withheld to satisfy tax obligations, reducing immediately realizable holdings
- Insider sold shares: 3,038 shares were sold on 08/20/2025 at a weighted average price of $20.01
Insights
TL;DR: CEO exercised options at $4.40, generated proceeds via planned sales at ~$20.01, and had shares withheld for taxes.
The Form 4 shows a routine exercise-and-sell sequence completed on 08/20/2025. The exercise converted options into 7,094 Class A shares at a $4.40 strike. The issuer withheld 4,056 shares to satisfy tax obligations, and 3,038 shares were sold under a pre-existing Rule 10b5-1 plan at a weighted average price of $20.01. These actions are typical for option vesting events and tax settlement; they do not by themselves provide new information about company performance but do change the reporting person鈥檚 outstanding beneficial position to 754,073 shares tied to derivative holdings.
TL;DR: Transactions were executed under standard mechanisms including issuer-mandated tax withholding and a 10b5-1 plan.
The filing discloses that sales were effected pursuant to a Rule 10b5-1 trading plan (adopted 09/09/2024) and that the withholding disposition was mandatory to cover taxes. The Form 4 is properly signed by an attorney-in-fact and documents both non-derivative and derivative movements consistent with standard insider reporting practices. From a governance standpoint, the use of a pre-established plan and issuer-mandated withholding aligns with accepted compliance procedures for executive equity transactions.
Sandeep Sahai, CEO e direttore di Clearwater Analytics Holdings, Inc. (CWAN), ha completato l'esercizio di opzioni e le relative operazioni il 20/08/2025. Ha esercitato un'opzione su azioni per acquisire 7.094 azioni a un prezzo di esercizio di $4,40 e ha immediatamente liquidato tali azioni. Per coprire le ritenute fiscali sull'esercizio, l'emittente ha trattenuto 4.056 azioni. Separatamente, 3.038 azioni sono state vendute nell'ambito di un piano di trading ai sensi della Rule 10b5-1 a un prezzo medio ponderato di $20,01. Dopo queste operazioni, la propriet脿 effettiva della persona che segnala relativamente a partecipazioni derivanti in azioni ordinarie di Classe A 猫 riportata in 754.073 azioni.
Sandeep Sahai, CEO y director de Clearwater Analytics Holdings, Inc. (CWAN), complet贸 ejercicios de opciones y transacciones relacionadas el 20/08/2025. Ejerci贸 una opci贸n sobre acciones para adquirir 7.094 acciones a un precio de ejercicio de $4,40 y liquid贸 esas acciones de inmediato. Para cubrir la retenci贸n fiscal por el ejercicio, el emisor retuvo 4.056 acciones. Por separado, 3.038 acciones se vendieron bajo un plan de negociaci贸n conforme a la Regla 10b5-1 a un precio medio ponderado de $20,01. Tras estas transacciones, la tenencia beneficiaria de la persona informante sobre acciones ordinarias Clase A relacionadas con participaciones derivadas se informa como 754.073 acciones.
Clearwater Analytics Holdings, Inc.(CWAN)鞚� CEO 瓴� 鞚挫偓鞚� Sandeep Sahai電� 2025-08-20鞐� 鞀ろ啞鞓奠厴 頄夓偓 氚� 甏�霠� 瓯半灅毳� 鞕勲頄堨姷雼堧嫟. 攴鸽姅 欤检嫕毵れ垬靹犿儩甓岇潉 頄夓偓頃橃棳 頄夓偓臧�瓴� $4.40鞙茧 7,094欤茧ゼ 旆摑頃橁碃 頃措嫻 欤检嫕鞚� 歃夓嫓 鞝曥偘頄堨姷雼堧嫟. 頄夓偓鞐� 雽�頃� 靹戈笀 鞗愳矞歆曥垬毳� 於╇嫻頃橁赴 鞙勴暣 氚滍枆靷姅 4,056欤茧ゼ 鞗愳矞歆曥垬頄堨姷雼堧嫟. 氤勲弰搿�, 3,038欤茧姅 Rule 10b5-1 瓯半灅瓿勴殟鞐� 霐半澕 臧�欷戫弶攴� 臧�瓴� $20.01搿� 毵る弰霅橃棃鞀惦媹雼�. 鞚措煬頃� 瓯半灅 頉� 氤搓碃鞚胳潣 韺岇儩靸來拡 甏�霠� 韥措灅鞀� A 氤错喌欤检潣 鞁れ 氤挫湢電� 754,073欤茧 氤搓碃霅╇媹雼�.
Sandeep Sahai, PDG et administrateur de Clearwater Analytics Holdings, Inc. (CWAN), a r茅alis茅 l'exercice d'options et les transactions connexes le 20/08/2025. Il a exerc茅 une option d'achat d'actions pour acqu茅rir 7 094 actions au prix d'exercice de 4,40 $ et a imm茅diatement r茅gl茅 ces actions. Pour couvrir la retenue fiscale li茅e 脿 l'exercice, l'茅metteur a retenu 4 056 actions. Par ailleurs, 3 038 actions ont 茅t茅 vendues dans le cadre d'un plan de trading conforme 脿 la r猫gle 10b5-1 au prix moyen pond茅r茅 de 20,01 $. Apr猫s ces op茅rations, la d茅tention effective de la personne d茅clarante sur les actions ordinaires de cat茅gorie A li茅es 脿 des positions d茅riv茅es est d茅clar茅e 脿 754 073 actions.
Sandeep Sahai, CEO und Direktor von Clearwater Analytics Holdings, Inc. (CWAN), schloss am 20.08.2025 Optionsaus眉bungen und zugeh枚rige Transaktionen ab. Er 眉bte eine Aktienoption aus, um 7.094 Aktien zum Aus眉bungspreis von $4,40 zu erwerben, und beglich diese Aktien sofort. Zur Deckung der Steuerabzugsverpflichtungen aus der Aus眉bung wurden vom Emittenten 4.056 Aktien einbehalten. Separat wurden 3.038 Aktien im Rahmen eines Rule-10b5-1-Handelsplans zu einem gewogenen Durchschnittspreis von $20,01 verkauft. Nach diesen Transaktionen wird das wirtschaftliche Eigentum der meldenden Person an Stammaktien der Klasse A im Zusammenhang mit derivativen Best盲nden mit 754.073 Aktien angegeben.
FAQ
What transactions did CWAN CEO Sandeep Sahai report on the Form 4?
On what date were the reported transactions executed?
At what price were the sold shares executed?
Why were 4,056 shares disposed of by the reporting person?
How many shares does the reporting person beneficially own following these transactions?
