Clearwater CTO exercises RSUs, sells shares for tax
Clearwater Analytics Holdings Chief Technology Officer Souvik Das reported the vesting of Restricted Stock Units on Class A Common Stock.
Rhea-AI Filing Summary
Clearwater Analytics Holdings Chief Technology Officer Souvik Das reported the vesting of Restricted Stock Units on Class A Common Stock. On March 31, 2026, RSU vesting converted into 27,663 shares of Class A Common Stock at an exercise price of $0.00 per share.
On the same date, Das sold a total of 14,686 shares of Class A Common Stock at an average price of $23.7995 per share to cover tax withholding obligations in connection with the RSU vesting, pursuant to an issuer-mandated “sell to cover” arrangement. Following these transactions, Das directly holds 210,109 Class A Common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Das Souvik
Role
Chief Technology Officer
Sold
14,686 shs ($350K)
Approx. gross sale proceeds
$350K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,688 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 5,156 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 17,819 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 4,688 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 5,156 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 17,819 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 2,738 | $23.7995 | $65K |
| Sale | Class A Common Stock | 9,458 | $23.7995 | $225K |
| Sale | Class A Common Stock | 2,490 | $23.7995 | $59K |
Holdings After Transaction:
Restricted Stock Unit — 214,260 contracts (Direct);
Class A Common Stock — 210,109 shares (Direct)
Footnotes (5)
- F1. These shares represent shares acquired upon the vesting of Restricted Stock Units ("RSUs").
- F2. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
- F3. 6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2024, and will settle within thirty days of the applicable vesting date.
- F4. 6.25% of the Restricted Stock Units shall vest at the end of each 3-month period for the next 4 years following January 1, 2025, and will settle within thirty days of the applicable vesting date.
- F5. 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.
Key Figures
RSU shares vested: 27,663 shares
Shares sold for taxes: 14,686 shares
Average sale price: $23.7995 per share
+2 more
5 metrics
RSU shares vested
27,663 shares
RSUs converting into Class A Common Stock on March 31, 2026
Shares sold for taxes
14,686 shares
Tax-related sales on March 31, 2026 under sell-to-cover
Average sale price
$23.7995 per share
Price for Class A Common Stock tax-withholding sales
Post-transaction holdings
210,109 shares
Class A Common Stock directly held after all transactions
RSU exercise price
$0.00 per share
Conversion of Restricted Stock Units into common shares
Key Terms
Restricted Stock Unit, sell to cover, tax withholding obligations, vesting, +1 more
5 terms
Restricted Stock Unit financial
"These shares represent shares acquired upon the vesting of Restricted Stock Units ("RSUs")."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
sell to cover financial
"funded by a "sell to cover" transaction and does not represent a discretionary transaction"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
tax withholding obligations financial
"shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting"
vesting financial
"RSUs shall vest at the end of each 3-month period for the next 4 years"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Class A Common Stock financial
"underlying security title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What did CWAN Chief Technology Officer Souvik Das report in this Form 4?
Souvik Das reported RSU vesting that converted into Class A Common Stock and related share sales. The filing shows derivative RSUs exercised into 27,663 shares, plus sales executed the same day to satisfy tax withholding obligations under a mandated sell-to-cover arrangement.
What do the RSU vesting schedules in the CWAN filing indicate?
The footnotes describe staggered RSU vesting schedules starting January 1 of 2024, 2025, and 2026. Portions of each RSU grant vest every three months and settle within thirty days, indicating an ongoing equity compensation program with regular, scheduled vesting events.
AI-generated analysis. How Rhea-AI works. Not financial advice.
