Clearwater Analytics (CWAN) CFO awarded 215,982 restricted stock units

Rhea-AI Filing Summary

Cox James S reported acquisition or exercise transactions in this Form 4 filing.

Clearwater Analytics Holdings, Inc.’s Chief Financial Officer James S. Cox reported an equity award of 215,982 restricted stock units (RSUs) on February 11, 2026. Each RSU represents a right to receive one share of Class A Common Stock, held as direct beneficial ownership.

The RSUs follow a time-based vesting schedule: 12.5% of the units vest at the end of each three-month period over the next two years following January 1, 2026. Vested RSUs will settle in shares within thirty days after each applicable vesting date, aligning the CFO’s compensation more closely with shareholder interests over this period.

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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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^*

Cox James S

(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 Financial 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		215,982		(2)	01/01/2035	Class A Common Stock	215,982	$0.00	215,982	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 Jim Cox	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 CWAN report for CFO James S. Cox?

Clearwater Analytics (CWAN) reported that CFO James S. Cox received an award of 215,982 restricted stock units on February 11, 2026. These RSUs give him the right to receive the same number of Class A Common shares as they vest over time.

How many restricted stock units were granted to CWAN’s CFO?

The CFO of Clearwater Analytics was granted 215,982 restricted stock units. Each RSU represents a right to one share of Class A Common Stock, providing a significant equity-based component to his compensation that vests gradually over a defined two-year schedule.

What is the vesting schedule for CWAN CFO Jim Cox’s RSU grant?

The RSU grant to CWAN CFO Jim Cox vests in equal quarterly installments. Specifically, 12.5% of the restricted stock units vest at the end of each three-month period for two years after January 1, 2026, with settlement within thirty days of each vesting date.

Does the CWAN CFO’s RSU grant involve cash paid per share?

The reported RSU grant shows a transaction price per share of $0.00, reflecting that this is an equity award rather than a cash purchase. Value for the CFO comes from receiving Class A Common Stock as the RSUs vest and are settled in shares.

Is the CWAN CFO’s RSU ownership reported as direct or indirect?

The Form 4 indicates that Jim Cox’s beneficial ownership of the 215,982 restricted stock units is direct. There is no separate entity listed for indirect ownership in this transaction, so the equity award is attributed directly to the reporting person himself.

What type of transaction code is used for the CWAN CFO’s RSU award?

The transaction is coded “A,” indicating a grant, award, or other acquisition of derivative securities. In this case, it represents the issuance of restricted stock units to the Clearwater Analytics CFO as part of his equity compensation package rather than an open-market purchase.