Clearwater (NYSE: CWAN) CTO Souvik Das sells 10,000 shares under plan

Rhea-AI Filing Summary

Clearwater Analytics Holdings, Inc. Chief Technology Officer Souvik Das sold 10,000 shares of Class A common stock on February 9, 2026 in an open-market transaction at a weighted average price of $23.8875 per share.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 5, 2025, and occurred through multiple trades between $23.81 and $23.93 per share. Following this transaction, Das beneficially owns 128,230 shares of Clearwater Analytics Class A common stock in direct form.

Insider Trade Summary

Net Seller: 10,000 shares ($238,875)

Net Sell 1 txn

Insider Das Souvik

Role Chief Technology Officer

Sold 10,000 shs ($239K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$23.8875	$239K

Holdings After Transaction: Class A Common Stock — 128,230 shares (Direct)

Footnotes (1)

1. The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 2025. This transaction was executed in multiple trades at prices ranging from $23.81 USD to $23.93 USD; the price reported reflects the weighted average sale price.

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).

X

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)
02/09/2026

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
Class A Common Stock	02/09/2026		S(1)		10,000	D	$23.8875(2)	128,230	D

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

Explanation of Responses:

1. The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 5, 2025.

2. This transaction was executed in multiple trades at prices ranging from $23.81 USD to $23.93 USD; the price reported reflects the weighted average sale price.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	02/09/2026
	** 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 CWAN Chief Technology Officer Souvik Das report?

Souvik Das reported selling 10,000 shares of Clearwater Analytics Class A common stock. The sale occurred on February 9, 2026, at a weighted average price of $23.8875 per share through multiple trades within a narrow price range.

At what prices were the CWAN shares sold by Souvik Das on February 9, 2026?

The CWAN shares were sold in multiple trades between $23.81 and $23.93 per share. The Form 4 reports a weighted average sale price of $23.8875, reflecting the combined pricing of all the individual executions that day.

How many CWAN shares does Souvik Das own after this Form 4 transaction?

After the reported sale, Souvik Das beneficially owns 128,230 shares of Clearwater Analytics Class A common stock. The filing classifies this remaining position as directly held, meaning it is not reported as indirect ownership through another entity.

Was the CWAN insider sale by Souvik Das part of a trading plan?

Yes. The Form 4 states the sale was effected under a Rule 10b5-1 trading plan. This pre-arranged plan was adopted by Souvik Das on May 5, 2025, setting trading instructions independent of day-to-day market conditions.

What role does Souvik Das hold at Clearwater Analytics (CWAN)?

Souvik Das is identified as the Chief Technology Officer of Clearwater Analytics Holdings, Inc. In the Form 4, he is listed as an officer of the issuer, with no indication he is a director or 10% beneficial owner of the company.