Senior executive at Clearwater Analytics (NYSE: CWAN) granted 215,982 RSUs

Rhea-AI Filing Summary

Erickson Scott Stanley reported acquisition or exercise transactions in this Form 4 filing.

Clearwater Analytics Holdings, Inc.’s Chief Revenue Officer, Scott Erickson, reported receiving a grant of derivative equity on February 11, 2026. He was awarded 215,982 restricted stock units (RSUs), each representing the right to receive one share of the company’s Class A Common Stock at a price of $0.00 per unit.

According to the award terms, 12.5% of these RSUs will vest at the end of each three‑month period for two years following January 1, 2026, with settlement in shares within thirty days after each vesting date. All 215,982 derivative securities are reported as directly owned following this transaction.

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

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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^*

Erickson Scott Stanley

(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 Revenue 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 Scott Erickson	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.
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FAQ

What insider transaction did CWAN’s Scott Erickson report on February 11, 2026?

Scott Erickson reported receiving an equity award of 215,982 restricted stock units on February 11, 2026. These RSUs are derivative securities that convert into Class A Common Stock, forming part of his compensation as Chief Revenue Officer of Clearwater Analytics Holdings, Inc.

How many Clearwater Analytics (CWAN) RSUs were granted to Scott Erickson?

Scott Erickson was granted 215,982 restricted stock units. Each RSU represents a right to receive one share of Clearwater Analytics Holdings, Inc. Class A Common Stock, subject to the vesting schedule described in the Form 4 filing and related footnotes.

What is the vesting schedule for Scott Erickson’s CWAN restricted stock units?

The RSUs vest in equal quarterly installments. Specifically, 12.5% of the restricted stock units vest at the end of each three‑month period for two years following January 1, 2026, with settlement in shares within thirty days after each vesting date.

Did Scott Erickson buy Clearwater Analytics (CWAN) shares in the open market?

No, the Form 4 reports a grant of restricted stock units, not an open‑market purchase. The transaction code “A” indicates an award or other acquisition of derivative securities as part of compensation, at a stated price of $0.00 per restricted stock unit.

How many CWAN derivative securities does Scott Erickson own after this RSU grant?

After the reported grant, Scott Erickson is shown as beneficially owning 215,982 derivative securities in the form of restricted stock units. These are reported as directly held and are tied to Clearwater Analytics Holdings, Inc. Class A Common Stock upon vesting.

When do Scott Erickson’s CWAN RSUs expire if unvested or unsettled?

The Form 4 lists an expiration date of January 1, 2035 for the restricted stock units. This date applies to the derivative securities underlying the RSU award, which convert into Class A Common Stock as they vest and are settled under the specified schedule.