Director Hooper gifts 30,000 Clearwater Analytics (NYSE: CWAN) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Clearwater Analytics Holdings director Christopher Hooper reported a charitable transfer of shares held indirectly through The Hooper Family Trust. The filing shows a bona fide gift of 30,000 shares of Class A Common Stock to National Philanthropic Trust for a donor-advised fund. After the gift, the trust continues to hold 105,260 shares indirectly attributed to Hooper.
Positive
- None.
Negative
- None.
Insider Trade Summary
30,000 shares gifted
Mixed
1 txn
Insider
Hooper Christopher
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Class A Common Stock | 30,000 | $0.00 | -- |
Holdings After Transaction:
Class A Common Stock — 105,260 shares (Indirect, See Footnote)
Footnotes (1)
- The reported transaction represents a gift/charitable donation of securities indirectly held by the reporting person through The Hooper Family Trust to National Philanthropic Trust, a Pennsylvania non-profit corporation, to be held in a donor-advised fund. The reported securities are held by The Hooper Family Trust.
Key Figures
Shares gifted: 30,000 shares
Price per share: $0.0000
Shares held after transaction: 105,260 shares
+1 more
4 metrics
Shares gifted
30,000 shares
Bona fide gift of Class A Common Stock
Price per share
$0.0000
Recorded value for the charitable gift
Shares held after transaction
105,260 shares
Indirectly held through The Hooper Family Trust
Gift recipient
National Philanthropic Trust
Non-profit receiving gifted CWAN shares
Key Terms
bona fide gift, donor-advised fund, indirectly held, Class A Common Stock
4 terms
bona fide gift financial
"The transaction is coded as a bona fide gift (transaction code G)."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
donor-advised fund financial
"to be held in a donor-advised fund by National Philanthropic Trust."
A donor-advised fund is a charitable giving account that lets an individual or family deposit cash, stock, or other assets now, get an immediate tax benefit, and then recommend grants to charities over time. Think of it like a private charitable bucket you control without running a charity yourself; investors care because it’s a tax-efficient way to give appreciated securities, can change when and how donated shares enter the market, and affects personal and corporate tax planning.
indirectly held financial
"securities indirectly held by the reporting person through The Hooper Family Trust"
Class A Common Stock financial
"The reported securities are Class A Common Stock of Clearwater Analytics."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider transaction did CWAN director Christopher Hooper report?
Christopher Hooper reported a bona fide gift of 30,000 shares of Clearwater Analytics Class A Common Stock. The shares were transferred from The Hooper Family Trust to National Philanthropic Trust to be held in a donor-advised fund.
Was the CWAN insider transaction a market sale or a charitable gift?
The transaction was a charitable gift, not a market sale. It is coded as a bona fide gift (transaction code G) with a per-share price of $0.0000, indicating a transfer for charitable purposes rather than a sale for cash proceeds.
How is Christopher Hooper’s ownership in CWAN characterized after this filing?
After the filing, Christopher Hooper is reported as having indirect ownership of 105,260 CWAN shares through The Hooper Family Trust. The nature of ownership is described in the footnotes, emphasizing the trust as the holding entity.