Clearwater Analytics (CWAN) CTO Souvik Das reports 10,000-share sale

Rhea-AI Filing Summary

Clearwater Analytics Holdings, Inc. insider activity: Chief Technology Officer Souvik Das reported selling 10,000 shares of Class A Common Stock of Clearwater Analytics on 01/08/2026. The shares were sold at a weighted average price of $24.0825 per share under a pre-established Rule 10b5-1 trading plan adopted on May 5, 2025. The sale was executed in multiple trades at prices ranging from $24.075 to $24.10 per share. Following this transaction, Das beneficially owns 138,230 shares, after a 6-share adjustment to correct the reported holdings.

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
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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)
01/08/2026

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	01/08/2026		S(1)		10,000	D	$24.0825(2)	138,230(3)	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 $24.075 USD to $24.10 USD; the price reported reflects the weighted average sale price.

3. The amount in Column 5 in Table I has been adjusted by 6 units to reflect the correct number of shares beneficially owned by the reporting person.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	01/12/2026
	** 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 CWAN disclose for Souvik Das?

Clearwater Analytics Holdings, Inc. disclosed that Chief Technology Officer Souvik Das sold 10,000 shares of Class A Common Stock on 01/08/2026.

At what price did Souvik Das sell Clearwater Analytics (CWAN) shares?

The shares were sold at a weighted average price of $24.0825 per share, with individual trade prices ranging from $24.075 to $24.10 per share.

Does the CWAN insider sale by Souvik Das involve a Rule 10b5-1 trading plan?

Yes. The filing states that the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Souvik Das on May 5, 2025.

How many Clearwater Analytics (CWAN) shares does Souvik Das own after the sale?

After the reported transaction, Souvik Das beneficially owns 138,230 shares of Clearwater Analytics Class A Common Stock.

What position does Souvik Das hold at Clearwater Analytics Holdings, Inc. (CWAN)?

Souvik Das is disclosed as an officer of Clearwater Analytics Holdings, Inc., serving as Chief Technology Officer.

Was there any correction to the reported CWAN shareholdings for Souvik Das?

Yes. The filing notes that the amount in Column 5 of Table I was adjusted by 6 units to reflect the correct number of shares beneficially owned.