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

Rhea-AI Filing Summary

Clearwater Analytics Holdings (CWAN) Director Kathleen A. Corbet reported multiple transactions on June 23, 2025:

• Acquired 10,334 Class A Common Stock shares through RSU vesting (originally granted June 11, 2024)
• Disposed of 2,481 shares at $21.65 per share for tax withholding purposes
• Received a new grant of 8,765 RSUs that will fully vest on June 23, 2026

Following these transactions, Corbet directly owns 22,351 shares of Class A Common Stock and 8,765 unvested RSUs. The transactions were reported via Form 4 filing, with Alphonse Valbrune signing as attorney-in-fact. These equity transactions align with standard director compensation practices and demonstrate continued alignment with shareholder interests.

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

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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^*

CORBET KATHLEEN A

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		M		10,334(1)	A	$0.00	24,832	D
Class A Common Stock	06/23/2025		F		2,481	D	$21.65	22,351	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	06/23/2025		M			10,334	06/23/2025	06/11/2034	Class A Common Stock	10,334	$0.00	0.00	D
Restricted Stock Unit	$0.00	06/23/2025		A		8,765		(2)	06/23/2035	Class A Common Stock	8,765	$0.00	8,765	D

Explanation of Responses:

1. The Class A Common Stock represents shares acquired by the Reporting Person from the vesting of Restricted Stock Units ("RSUs") issued to the Reporting Person on June 11, 2024.

2. The reporting person was granted Restricted Stock Units representing contingent right to receive one share of Clearwater Analytics Holdings Inc. common stock for each RSU. The award will vest fully on the one-year anniversary of grant.

Remarks:

	/s/ Alphonse Valbrune, as Attorney-in-Fact for Kathleen Corbet	06/25/2025
	** 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 trading activity occurred at CWAN on June 23, 2025?

Director Kathleen Corbet had multiple transactions on June 23, 2025: She acquired 10,334 shares of Class A Common Stock through vesting of RSUs at $0.00, then disposed of 2,481 shares at $21.65 per share. She was also granted 8,765 new RSUs on the same date.

How many CWAN shares does Kathleen Corbet own after the June 2025 transactions?

After the reported transactions, Kathleen Corbet directly owns 22,351 shares of CWAN Class A Common Stock, plus 8,765 unvested Restricted Stock Units that will vest on June 23, 2026.

What are the vesting terms for CWAN's new RSUs granted to Kathleen Corbet?

The 8,765 Restricted Stock Units granted on June 23, 2025 will vest fully on the one-year anniversary of the grant date (June 23, 2026). Each RSU represents the right to receive one share of Clearwater Analytics common stock.

What was the sale price of CWAN shares in the insider transaction?

In the Form 4 filing, Kathleen Corbet disposed of 2,481 CWAN shares at a price of $21.65 per share on June 23, 2025.

Who is Kathleen Corbet and what is her role at CWAN?

Kathleen Corbet serves as a Director on the Board of Clearwater Analytics Holdings, Inc. (CWAN), as indicated by her relationship to the issuer being marked as 'Director' in the Form 4 filing.