Form 4: Clearwater Analytics CEO Sandeep Sahai Executes Stock Option, Sells Shares to Cover Taxes

Clearwater Analytics CEO Sandeep Sahai exercised stock options and sold shares to cover tax obligations, while also selling shares under a pre-arranged trading plan.

Summary

• On April 14, 2025, Sandeep Sahai, CEO of Clearwater Analytics Holdings, Inc., exercised stock options to acquire 112,516 shares of Class A Common Stock at a price of $4.4 per share.
• Simultaneously, 62,516 shares were disposed of to cover tax withholding obligations related to the option exercise at $23.09.
• Sahai also sold 50,000 shares of Class A Common Stock at a weighted average price of $23.09, executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Sahai beneficially owns 876,754 shares of Class A Common Stock.
• The sales were executed at prices ranging from $22.78 to $23.77.

Sentiment

Score: 5

Explanation: Neutral. This is a standard insider transaction filing and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine Form 4 filing related to insider transactions. It is common for executives to exercise stock options and sell a portion of the shares to cover taxes and diversify their holdings. The use of a 10b5-1 trading plan suggests the sales were pre-planned.

Key Dates

Keywords

Clearwater Analytics, Sandeep Sahai, stock options, Form 4, Class A Common Stock, Rule 10b5-1, insider trading