Clearwater Analytics Form 4: 20,000 shares sold; 106,066 held

Rhea-AI Filing Summary

Clearwater Analytics (CWAN) Chief Technology Officer Souvik Das reported two open-market sales of Class A common stock on 11/12/2025 via Form 4. He sold 10,000 shares at a weighted average price of $20.1194 and another 10,000 shares at $20.30, executed under a Rule 10b5-1 trading plan adopted on May 5, 2025.

Following these transactions, Das beneficially owned 106,066 shares. The filing notes the first transaction included multiple trades between $20.06 and $20.30.

Insider Trade Summary

Net Seller: 20,000 shares ($404,194)

Net Sell 2 txns

Insider Das Souvik

Role Chief Technology Officer

Sold 20,000 shs ($404K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	10,000	$20.1194	$201K
Sale	Class A Common Stock	10,000	$20.30	$203K

Holdings After Transaction: Class A Common Stock — 116,066 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 May 5,2025. This transaction was executed in multiple trades at prices ranging from $20.06 USD to $20.30 USD; the price reported above reflects the weighted average sale price. The sale reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the reporting person May 5, 2025.

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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 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 Technology Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025

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	11/12/2025		S(1)		10,000	D	$20.1194(2)	116,066	D
Class A Common Stock	11/12/2025		S(3)		10,000	D	$20.3	106,066	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 May 5,2025.

2. This transaction was executed in multiple trades at prices ranging from $20.06 USD to $20.30 USD; the price reported above reflects the weighted average sale price.

3. The sale reported in this Form 4 were pursuant to a Rule 10b5-1 trading plan adopted by the reporting person May 5, 2025.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Souvik Das	11/13/2025
	** 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

What insider transaction did CWAN disclose on Form 4?

CWAN CTO Souvik Das reported selling 10,000 shares at $20.1194 and 10,000 at $20.30 on 11/12/2025.

How many CWAN shares does the CTO own after the sales?

Post-transaction beneficial ownership is 106,066 Class A shares.

Were the CWAN insider sales under a Rule 10b5-1 plan?

Yes. The sales were made pursuant to a Rule 10b5-1 trading plan adopted on May 5, 2025.

What was the price range for the first CWAN sale?

The first transaction executed in multiple trades between $20.06 and $20.30; the weighted average reported was $20.1194.

Who is the reporting person and their role at CWAN?

The reporting person is Souvik Das, Chief Technology Officer of Clearwater Analytics.

What is the class of securities involved?

The transactions involved Class A common stock of Clearwater Analytics Holdings, Inc.