Clearwater (NYSE: CWAN) CTO’s 10,000-share sale under 10b5-1 plan

Rhea-AI Filing Summary

Clearwater Analytics Holdings, Inc. Chief Technology Officer Souvik Das reported an open-market sale of 10,000 shares of Class A Common Stock at a weighted average price of about $24.01 per share. The transaction on April 8, 2026 was executed under a pre-arranged Rule 10b5-1 trading plan, and Das continues to hold 200,109 shares directly after the sale, indicating he retained the vast majority of his stake.

Insider Trade Summary 10b5-1

Net Seller: 10,000 shares ($240,120)

Net Sell 1 txn

Insider Das Souvik

Role Chief Technology Officer

Sold 10,000 shs ($240K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$24.012	$240K

Holdings After Transaction: Class A Common Stock — 200,109 shares (Direct)

Footnotes (1)

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 6, 2025. This transaction was executed in multiple trades at prices ranging from $23.99 USD to $24.05 USD; the price reported reflects the weighted average sale price.

Key Figures

Shares sold: 10,000 shares Weighted average sale price: $24.012 per share Price range: $23.99–$24.05 per share +1 more

4 metrics

Shares sold 10,000 shares Class A Common Stock sold on April 8, 2026

Weighted average sale price $24.012 per share Open-market sale of 10,000 shares

Price range $23.99–$24.05 per share Multiple trades within this range

Shares held after transaction 200,109 shares Direct holdings after April 8, 2026 sale

Key Terms

Rule 10b5-1 trading plan, open-market sale, Class A Common Stock, weighted average sale price

4 terms

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on May 6, 2025."

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Class A Common Stock financial

"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.

weighted average sale price financial

"the price reported reflects the weighted average sale price."

Form 4 Insider Transactions: What Each Field Means →

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).

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 IDAHO 83702

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	04/08/2026		S(1)		10,000	D	$24.012(2)	200,109	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 6, 2025.

2. This transaction was executed in multiple trades at prices ranging from $23.99 USD to $24.05 USD; the price reported reflects the weighted average sale price.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did CWAN Chief Technology Officer Souvik Das report?

Souvik Das reported selling 10,000 shares of Clearwater Analytics Class A Common Stock. The open-market sale occurred on April 8, 2026 at a weighted average price of about $24.01 per share, as disclosed in the Form 4 filing.

How many CWAN shares does Souvik Das hold after this Form 4 sale?

After the reported sale, Souvik Das holds 200,109 shares of Clearwater Analytics Class A Common Stock directly. This indicates the transaction covered only a small portion of his total stake, with the majority of his holdings remaining unchanged.

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

Yes. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Souvik Das on May 6, 2025. Such pre-arranged plans automate trading and typically reduce the significance of trade timing as an indicator of insider sentiment.

At what price did CWAN’s Souvik Das sell his 10,000 shares?

The sale was executed in multiple trades between $23.99 and $24.05 per share. The Form 4 reports a weighted average sale price of approximately $24.01 per share for the 10,000 Clearwater Analytics Class A Common Stock shares sold.

Does this CWAN Form 4 involve derivative securities or only common stock?

This Form 4 reports a transaction solely in Clearwater Analytics Class A Common Stock. The filing lists no derivative transactions, and the derivative summary section shows no remaining derivative positions associated with this specific Form 4 disclosure.