Clearwater (NYSE: CWAN) CTO awarded 142,548 restricted stock units

Rhea-AI Filing Summary

Clearwater Analytics Holdings, Inc. granted Chief Technology Officer Souvik Das 142,548 restricted stock units (RSUs) on February 11, 2026. Each RSU represents a right to receive one share of the company’s Class A common stock at no cash exercise price.

According to the vesting schedule, 12.5% of the RSUs vest at the end of each 3‑month period for two years following January 1, 2026, with shares delivered within thirty days after each vesting date. Following this award, Das directly beneficially owns 142,548 derivative securities in the form of RSUs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Das Souvik

Role Chief Technology Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	142,548	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 142,548 shares (Direct)

Footnotes (1)

1. Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Class A Common Stock. 12.5% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 2 years following January 1, 2026, and will settle within thirty days of the applicable vesting date.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Das Souvik

(Last) (First) (Middle)

C/O CLEARWATER ANALYTICS HOLDINGS, INC.

777 W. MAIN STREET, SUITE 900

(Street)

BOISE ID 83702

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Clearwater Analytics Holdings, Inc. [ CWAN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/11/2026		A		142,548		(2)	01/01/2035	Class A Common Stock	142,548	$0.00	142,548	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a right to receive one share of the issuer's Class A Common Stock.

2. 12.5% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 2 years following January 1, 2026, and will settle within thirty days of the applicable vesting date.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Clearwater Analytics (CWAN) report for Souvik Das?

Clearwater Analytics reported that Chief Technology Officer Souvik Das received a grant of 142,548 restricted stock units on February 11, 2026. These RSUs are derivative securities that convert into Class A common stock as they vest over a defined two-year schedule.

How many RSUs were granted to Clearwater Analytics (CWAN) CTO Souvik Das?

Souvik Das was granted 142,548 restricted stock units. Each RSU represents the right to receive one share of Clearwater Analytics’ Class A common stock, giving him a potential future equity stake as the award vests and settles into actual shares over time.

What is the vesting schedule for the 142,548 RSUs at Clearwater Analytics (CWAN)?

The 142,548 RSUs vest in equal quarterly installments of 12.5% at the end of each 3‑month period for two years following January 1, 2026. Shares underlying vested RSUs are scheduled to be delivered within thirty days after each applicable vesting date.

What does each RSU granted to Clearwater Analytics (CWAN) CTO represent?

Each restricted stock unit granted to the CTO represents a right to receive one share of Clearwater Analytics’ Class A common stock. RSUs do not require a purchase price and convert into shares when vesting conditions are satisfied and the units are settled.

Is the RSU award to the Clearwater Analytics (CWAN) CTO a purchase or a grant?

The RSU award is a grant described as an acquisition under transaction code “A”. The Form 4 categorizes it as a grant, award, or other acquisition, with a transaction price per RSU of $0.00, reflecting compensation rather than an open‑market purchase.

How many derivative securities does the Clearwater Analytics (CWAN) CTO own after this grant?

After the reported RSU grant, the CTO beneficially owns 142,548 derivative securities in the form of restricted stock units. This figure represents the total number of RSUs credited to him following the February 11, 2026 award reported in the Form 4 filing.