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[Form 4] Clearwater Analytics Holdings, Inc. Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4
Rhea-AI Filing Summary

Form 4 filing for Apollo Global Management, Inc. (APO): Director Mitra O’Neill (professionally known as Mitra Hormozi) reported the grant of 1,446 restricted stock units (RSUs) on 07/01/2025 under the company’s 2019 Omnibus Equity Incentive Plan. Each RSU converts into one share of APO common stock upon vesting, with settlement deferred until the director leaves the board. Following the award, the director’s direct holdings total 30,344 shares (including 7,049 RSUs already held). In addition, 2,500 shares are indirectly held through an entity controlled by the director’s spouse. No shares were sold, no cash changed hands, and no derivative securities were involved. This filing reflects routine, service-based equity compensation aimed at aligning director interests with shareholders rather than signaling a change in company fundamentals.

Deposito del Modulo 4 per Apollo Global Management, Inc. (APO): La direttrice Mitra O’Neill (nota professionalmente come Mitra Hormozi) ha segnalato la concessione di 1.446 unità azionarie vincolate (RSU) il 01/07/2025 nell'ambito del Piano Incentivi Azionari Omnibus 2019 della società. Ogni RSU si converte in un'azione ordinaria APO al momento del maturare del diritto, con il regolamento posticipato fino all'uscita della direttrice dal consiglio. Dopo l'assegnazione, il totale delle azioni detenute direttamente dalla direttrice è di 30.344 azioni (comprese 7.049 RSU già possedute). Inoltre, 2.500 azioni sono detenute indirettamente tramite un'entità controllata dal coniuge della direttrice. Non sono state vendute azioni, non sono stati scambiati contanti né coinvolti strumenti derivati. Questa comunicazione riflette una normale compensazione azionaria basata sul servizio, finalizzata ad allineare gli interessi della direttrice con quelli degli azionisti, senza indicare cambiamenti nei fondamentali dell'azienda.

Presentación del Formulario 4 para Apollo Global Management, Inc. (APO): La directora Mitra O’Neill (conocida profesionalmente como Mitra Hormozi) reportó la concesión de 1,446 unidades restringidas de acciones (RSUs) el 01/07/2025 bajo el Plan de Incentivos de Capital Omnibus 2019 de la compañía. Cada RSU se convierte en una acción común de APO al consolidarse, con el pago diferido hasta que la directora deje la junta. Tras la adjudicación, la tenencia directa de la directora suma 30,344 acciones (incluyendo 7,049 RSUs ya en su poder). Además, 2,500 acciones se mantienen indirectamente a través de una entidad controlada por el cónyuge de la directora. No se vendieron acciones, no hubo intercambio de efectivo ni se involucraron valores derivados. Esta presentación refleja una compensación accionaria rutinaria basada en el servicio, destinada a alinear los intereses de la directora con los de los accionistas, y no indica cambios en los fundamentos de la empresa.

Apollo Global Management, Inc. (APO)의 Form 4 제출: 이사 Mitra O’Neill(직업적으로 Mitra Hormozi로 알려짐)는 2025년 7월 1일 회사의 2019년 Omnibus 주식 인센티브 계획에 따라 1,446개의 제한 주식 단위(RSU) 부여를 보고했습니다. 각 RSU는 권리 확정 시 APO 보통주 1주로 전환되며, 정산은 이사가 이사회에서 물러날 때까지 연기됩니다. 이번 수여 후 이사의 직접 보유 주식은 총 30,344주(기존 보유한 7,049 RSU 포함)입니다. 또한, 2,500주는 이사의 배우자가 통제하는 법인을 통해 간접 보유하고 있습니다. 주식 매도나 현금 거래, 파생상품 관련 거래는 없었습니다. 이번 제출은 이사의 이해관계를 주주와 일치시키기 위한 정기적인 서비스 기반 주식 보상으로, 회사 기본 사항의 변화를 나타내지 않습니다.

Dépôt du formulaire 4 pour Apollo Global Management, Inc. (APO) : La directrice Mitra O’Neill (connue professionnellement sous le nom de Mitra Hormozi) a déclaré la cession de 1 446 unités d’actions restreintes (RSU) le 01/07/2025 dans le cadre du Plan d’incitation en actions Omnibus 2019 de la société. Chaque RSU se convertit en une action ordinaire APO lors de son acquisition, le règlement étant différé jusqu’au départ de la directrice du conseil d’administration. Suite à cette attribution, la détention directe de la directrice s’élève à 30 344 actions (y compris 7 049 RSU déjà détenues). De plus, 2 500 actions sont détenues indirectement via une entité contrôlée par le conjoint de la directrice. Aucune action n’a été vendue, aucun échange d’argent n’a eu lieu, et aucun produit dérivé n’a été impliqué. Ce dépôt reflète une rémunération en actions liée au service, visant à aligner les intérêts de la directrice avec ceux des actionnaires, sans indiquer de changement dans les fondamentaux de l’entreprise.

Formular 4 Meldung für Apollo Global Management, Inc. (APO): Direktorin Mitra O’Neill (beruflich bekannt als Mitra Hormozi) meldete die Gewährung von 1.446 Restricted Stock Units (RSUs) am 01.07.2025 im Rahmen des Omnibus Equity Incentive Plans 2019 des Unternehmens. Jede RSU wandelt sich bei Vesting in eine Aktie der APO-Stammaktien um, die Auszahlung erfolgt erst nach dem Ausscheiden der Direktorin aus dem Vorstand. Nach der Zuteilung beläuft sich der direkte Aktienbestand der Direktorin auf 30.344 Aktien (einschließlich bereits gehaltener 7.049 RSUs). Zusätzlich werden 2.500 Aktien indirekt über eine von der Ehefrau der Direktorin kontrollierte Einheit gehalten. Es wurden keine Aktien verkauft, kein Bargeld ausgetauscht und keine Derivate eingesetzt. Diese Meldung stellt eine routinemäßige, dienstleistungsbasierte Aktienvergütung dar, die darauf abzielt, die Interessen der Direktorin mit denen der Aktionäre in Einklang zu bringen, ohne eine Änderung der Unternehmensgrundlagen anzudeuten.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine director RSU grant; no cash transaction; negligible market impact.

The 1,446-unit RSU award is standard board compensation and represents less than 0.01 % of APO’s outstanding shares. Because the award vests over time and settlement is deferred until the director’s board departure, immediate dilution is minimal and entirely anticipated by investors. No insider buying or selling occurred, so there is no directional signal about management’s near-term outlook. The transaction therefore carries neutral investment significance.

Deposito del Modulo 4 per Apollo Global Management, Inc. (APO): La direttrice Mitra O’Neill (nota professionalmente come Mitra Hormozi) ha segnalato la concessione di 1.446 unità azionarie vincolate (RSU) il 01/07/2025 nell'ambito del Piano Incentivi Azionari Omnibus 2019 della società. Ogni RSU si converte in un'azione ordinaria APO al momento del maturare del diritto, con il regolamento posticipato fino all'uscita della direttrice dal consiglio. Dopo l'assegnazione, il totale delle azioni detenute direttamente dalla direttrice è di 30.344 azioni (comprese 7.049 RSU già possedute). Inoltre, 2.500 azioni sono detenute indirettamente tramite un'entità controllata dal coniuge della direttrice. Non sono state vendute azioni, non sono stati scambiati contanti né coinvolti strumenti derivati. Questa comunicazione riflette una normale compensazione azionaria basata sul servizio, finalizzata ad allineare gli interessi della direttrice con quelli degli azionisti, senza indicare cambiamenti nei fondamentali dell'azienda.

Presentación del Formulario 4 para Apollo Global Management, Inc. (APO): La directora Mitra O’Neill (conocida profesionalmente como Mitra Hormozi) reportó la concesión de 1,446 unidades restringidas de acciones (RSUs) el 01/07/2025 bajo el Plan de Incentivos de Capital Omnibus 2019 de la compañía. Cada RSU se convierte en una acción común de APO al consolidarse, con el pago diferido hasta que la directora deje la junta. Tras la adjudicación, la tenencia directa de la directora suma 30,344 acciones (incluyendo 7,049 RSUs ya en su poder). Además, 2,500 acciones se mantienen indirectamente a través de una entidad controlada por el cónyuge de la directora. No se vendieron acciones, no hubo intercambio de efectivo ni se involucraron valores derivados. Esta presentación refleja una compensación accionaria rutinaria basada en el servicio, destinada a alinear los intereses de la directora con los de los accionistas, y no indica cambios en los fundamentos de la empresa.

Apollo Global Management, Inc. (APO)의 Form 4 제출: 이사 Mitra O’Neill(직업적으로 Mitra Hormozi로 알려짐)는 2025년 7월 1일 회사의 2019년 Omnibus 주식 인센티브 계획에 따라 1,446개의 제한 주식 단위(RSU) 부여를 보고했습니다. 각 RSU는 권리 확정 시 APO 보통주 1주로 전환되며, 정산은 이사가 이사회에서 물러날 때까지 연기됩니다. 이번 수여 후 이사의 직접 보유 주식은 총 30,344주(기존 보유한 7,049 RSU 포함)입니다. 또한, 2,500주는 이사의 배우자가 통제하는 법인을 통해 간접 보유하고 있습니다. 주식 매도나 현금 거래, 파생상품 관련 거래는 없었습니다. 이번 제출은 이사의 이해관계를 주주와 일치시키기 위한 정기적인 서비스 기반 주식 보상으로, 회사 기본 사항의 변화를 나타내지 않습니다.

Dépôt du formulaire 4 pour Apollo Global Management, Inc. (APO) : La directrice Mitra O’Neill (connue professionnellement sous le nom de Mitra Hormozi) a déclaré la cession de 1 446 unités d’actions restreintes (RSU) le 01/07/2025 dans le cadre du Plan d’incitation en actions Omnibus 2019 de la société. Chaque RSU se convertit en une action ordinaire APO lors de son acquisition, le règlement étant différé jusqu’au départ de la directrice du conseil d’administration. Suite à cette attribution, la détention directe de la directrice s’élève à 30 344 actions (y compris 7 049 RSU déjà détenues). De plus, 2 500 actions sont détenues indirectement via une entité contrôlée par le conjoint de la directrice. Aucune action n’a été vendue, aucun échange d’argent n’a eu lieu, et aucun produit dérivé n’a été impliqué. Ce dépôt reflète une rémunération en actions liée au service, visant à aligner les intérêts de la directrice avec ceux des actionnaires, sans indiquer de changement dans les fondamentaux de l’entreprise.

Formular 4 Meldung für Apollo Global Management, Inc. (APO): Direktorin Mitra O’Neill (beruflich bekannt als Mitra Hormozi) meldete die Gewährung von 1.446 Restricted Stock Units (RSUs) am 01.07.2025 im Rahmen des Omnibus Equity Incentive Plans 2019 des Unternehmens. Jede RSU wandelt sich bei Vesting in eine Aktie der APO-Stammaktien um, die Auszahlung erfolgt erst nach dem Ausscheiden der Direktorin aus dem Vorstand. Nach der Zuteilung beläuft sich der direkte Aktienbestand der Direktorin auf 30.344 Aktien (einschließlich bereits gehaltener 7.049 RSUs). Zusätzlich werden 2.500 Aktien indirekt über eine von der Ehefrau der Direktorin kontrollierte Einheit gehalten. Es wurden keine Aktien verkauft, kein Bargeld ausgetauscht und keine Derivate eingesetzt. Diese Meldung stellt eine routinemäßige, dienstleistungsbasierte Aktienvergütung dar, die darauf abzielt, die Interessen der Direktorin mit denen der Aktionäre in Einklang zu bringen, ohne eine Änderung der Unternehmensgrundlagen anzudeuten.

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).
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*
Sahai Sandeep

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025
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 06/30/2025 M 12,538(1) A $0.00 890,096(2) D
Class A Common Stock 06/30/2025 M 21,991(1) A $0.00 912,087 D
Class A Common Stock 06/30/2025 S 10,460(3) D $21.6732 901,627 D
Class A Common Stock 06/30/2025 S 5,964(3) D $21.6732 895,663 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
Restricted Stock Unit $0.00 06/30/2025 M 12,538 (4) 02/28/2034 Class A Common Stock 12,538 $0.00 125,385 D
Restricted Stock Unit $0.00 06/30/2025 M 21,991 (5) 02/13/2035 Class A Common Stock 21,991 $0.00 307,870 D
Explanation of Responses:
1. These shares represent shares acquired upon the vesting of Restricted Stock Units ("RSUs").
2. Include shares acquired on May 30, 2025, pursuant to the issuer's Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(c).
3. 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.
4. 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.
5. 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.
Remarks:
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai 07/02/2025
** 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

How many Apollo Global Management (APO) shares did Director Mitra O’Neill acquire?

The director received 1,446 restricted stock units, each convertible into one APO share upon vesting.

What is the director’s total direct ownership after the Form 4 transaction?

Direct ownership is 30,344 shares, which includes previously granted RSUs.

Were any APO shares sold in this Form 4 filing?

No. The filing only reports an equity grant; there were no sales or cash purchases.

When will the RSUs vest and convert into shares?

The RSUs vest in installments per the award agreement and are issued after the director leaves the board, per the deferral election.

Does this filing indicate a change in Apollo’s fundamentals?

No. It reflects routine director compensation and does not signal any shift in company performance or strategy.
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