Form 4: Clearwater Analytics CEO Sandeep Sahai Reports Stock Transactions
SEC Form 4 Filing
Clearwater Analytics CEO Sandeep Sahai reports the acquisition and disposition of Class A Common Stock and Restricted Stock Units (RSUs) on March 31, 2024, related to RSU vesting and tax obligations.
Summary
- On March 31, 2024, Sandeep Sahai, CEO of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- Sahai acquired 12,539 shares of Class A Common Stock upon the vesting of Restricted Stock Units.
- Simultaneously, 5,656 shares were disposed of to cover tax withholding obligations related to the RSU vesting at a price of $17.69 per share.
- Following these transactions, Sahai directly owns 301,544 shares of Class A Common Stock.
- Sahai also holds 188,077 unvested Restricted Stock Units, which vest quarterly over the next four years starting January 1, 2024.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The reported RSUs vest quarterly over the next four years, indicating continued equity-based compensation for the CEO.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding the trading activities of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related stock sales.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock transactions (acquisition and disposition of shares and RSUs). |
| 02/28/2024 | Grant date of the reported unvested RSUs. |
| 01/01/2024 | Start date for quarterly vesting of RSUs. |
| 02/28/2034 | Expiration date of the reported unvested RSUs. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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