Form 4: Clearwater Analytics CEO Sandeep Sahai Executes Stock Option, Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Clearwater Analytics CEO Sandeep Sahai exercised stock options and sold 50,000 shares of Class A Common Stock on January 13, 2025, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On January 13, 2025, Sandeep Sahai, CEO of Clearwater Analytics Holdings, Inc., exercised stock options to acquire 109,725 shares of Class A Common Stock at a price of $4.40 per share.
- Simultaneously, Sahai disposed of 59,725 shares to cover tax obligations at $25.8872 per share.
- He also sold 50,000 shares of Class A Common Stock at a weighted average price of $25.8872, with prices ranging from $25.42 to $27.04.
- These transactions were executed under a Rule 10b5-1 trading plan adopted on September 9, 2024.
- Following these transactions, Sahai directly owns 615,855 shares of Class A Common Stock and 1,429,068 derivative securities (stock options).
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, but rather reports factual transactions.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by the CEO could have a minor negative impact on shareholder sentiment, although it is part of a pre-planned strategy.
Key Dates
| Date | Description |
|---|---|
| 2019-01-16 | Vesting of 555,000 shares. |
| 2020-01-21 | Vesting of 555,000 shares. |
| 2020-11-02 | Vesting of 915,750 shares. |
| 2021-03-05 | Vesting of 249,750 shares. |
| 2022-01-01 | Vesting of 249,750 shares. |
| 2023-01-01 | Vesting of 249,750 shares. |
| 2024-09-09 | Adoption date of Rule 10b5-1 trading plan. |
| 2025-01-13 | Exercise of stock options and sale of shares. |
| 2028-11-29 | Expiration date of stock options. |
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