Clearwater Analytics officer exercises RSUs, sells shares
Clearwater Analytics Holdings, Inc. Chief Client Officer Subi Sethi reported multiple equity transactions on Class A Common Stock tied to Restricted Stock Units.
Rhea-AI Filing Summary
Clearwater Analytics Holdings, Inc. Chief Client Officer Subi Sethi reported multiple equity transactions on Class A Common Stock tied to Restricted Stock Units. Sethi exercised RSUs to acquire a total of 42,624 shares at a conversion price of $0.00 per share as part of scheduled vesting.
On the same date, Sethi sold 19,858 shares of Class A Common Stock at an average price of $23.7995 per share. Footnotes state these sales were mandated "sell to cover" transactions to satisfy tax withholding obligations related to RSU vesting, not discretionary sales. Following the transactions, Sethi directly held 388,256 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Sethi Subi
Role
Chief Client Officer
Sold
19,858 shs ($473K)
Approx. gross sale proceeds
$473K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 7,813 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 7,813 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit | 26,998 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,813 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 26,998 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 7,813 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 3,641 | $23.7995 | $87K |
| Sale | Class A Common Stock | 3,641 | $23.7995 | $87K |
| Sale | Class A Common Stock | 12,576 | $23.7995 | $299K |
Holdings After Transaction:
Restricted Stock Unit — 329,608 contracts (Direct);
Class A Common Stock — 388,256 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 exercised: 42,624 shares
Shares sold for taxes: 19,858 shares
Sale price per share: $23.7995 per share
+3 more
6 metrics
RSU shares exercised
42,624 shares
Restricted Stock Units converted to Class A Common Stock on March 31, 2026
Shares sold for taxes
19,858 shares
Mandated sell-to-cover transactions on March 31, 2026
Sale price per share
$23.7995 per share
Average price for Class A Common Stock sold to cover tax withholding
Shares held after transactions
388,256 shares
Direct Class A Common Stock ownership following March 31, 2026 transactions
RSU tranche 1 size
7,813 RSUs
One RSU grant exercised into Class A Common Stock
RSU tranche 2 size
26,998 RSUs
Larger RSU grant exercised into Class A Common Stock
Key Terms
Restricted Stock Unit, sell to cover, tax withholding obligations, vesting and settlement, +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
"require the satisfaction of tax withholding obligations to be funded by a "sell to cover" 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 and settlement financial
"in connection with the vesting and settlement of Restricted Stock Units"
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 insider transactions did CWAN executive Subi Sethi report?
Subi Sethi reported exercising Restricted Stock Units into 42,624 Class A shares and selling 19,858 shares. The exercises occurred at a conversion price of $0.00 per share, reflecting equity compensation vesting rather than market purchases of Clearwater Analytics stock.
Were the CWAN stock sales by Subi Sethi discretionary?
No. Footnotes explain the CWAN share sales were "sell to cover" transactions required to pay tax withholding on RSU vesting. The issuer elected this method, so the sales do not represent discretionary trading decisions by Subi Sethi in the open market.
How do the RSU vesting schedules work for CWAN’s Subi Sethi?
Footnotes show RSUs vest quarterly. Some grants vest 6.25% every three months for four years starting January 1, 2024 or January 1, 2025. Another grant vests 12.5% every three months for two years beginning January 1, 2026, with settlement within thirty days.
AI-generated analysis. How Rhea-AI works. Not financial advice.
