Form 4: Clearwater Analytics CEO Sandeep Sahai Reports Stock Transactions
SEC Form 4 Filing
Clearwater Analytics CEO Sandeep Sahai reports acquisition and disposal of Class A Common Stock and Restricted Stock Units related to vesting and tax obligations.
Summary
- On March 31, 2025, 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 and disposed of 5,656 shares to cover tax withholding obligations at a price of $26.8.
- Following these transactions, Sahai directly owns 864,681 shares of Class A Common Stock.
- Additionally, Sahai acquired 21,991 shares of Class A Common Stock and disposed of 9,918 shares to cover tax withholding obligations at a price of $26.8.
- Following these transactions, Sahai directly owns 876,754 shares of Class A Common Stock.
- Sahai also acquired 12,539 Restricted Stock Units and 21,991 Restricted Stock Units.
- Following these transactions, Sahai directly owns 137,923 and 329,861 Restricted Stock Units respectively.
- The Restricted Stock Units vest in quarterly installments and settle within thirty days of the applicable vesting date.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to vesting and tax obligations. There are no explicit positive or negative indicators.
Positives
- The vesting of restricted stock units indicates a long-term incentive for the CEO.
Negatives
- The disposal of shares to cover tax obligations, while routine, slightly reduces the CEO's holdings.
Risks
- No specific risks are mentioned in this document.
Future Outlook
The document does not contain specific forward-looking statements, but the vesting schedule of the Restricted Stock Units implies continued employment and equity stake for the CEO.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Start date for vesting of 6.25% of Restricted Stock Units every 3 months for 4 years. |
| 01/01/2025 | Start date for vesting of 6.25% of Restricted Stock Units every 3 months for 4 years. |
| 03/31/2025 | Date of reported transactions: acquisition and disposal of Class A Common Stock and Restricted Stock Units. |
| 02/28/2034 | Expiration date for Restricted Stock Units. |
| 02/13/2035 | Expiration date for Restricted Stock Units. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Clearwater Analytics, Sandeep Sahai, Form 4, Stock Transactions, Restricted Stock Units, CWAN, CEO
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