Form 4: Clearwater Analytics CFO James Cox Executes Stock Option Exercise and Sale

Clearwater Analytics CFO James Cox exercised stock options and sold shares to cover tax obligations, according to a recent SEC Form 4 filing.

Summary

• On April 15, 2025, James Cox, CFO of Clearwater Analytics Holdings, Inc., exercised stock options to acquire 34,358 shares of Class A Common Stock at a price of $4.40 per share.
• Concurrently, Cox disposed of 20,658 shares to cover tax withholding obligations at a price of $23.1758 per share, as mandated by the issuer.
• Additionally, Cox sold 13,700 shares at a weighted average price of $23.1214 and 5,000 shares at a weighted average price of $23.32, both sales executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Cox directly owns 358,885 shares of Class A Common Stock and holds options for 424,871 shares.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of insider trading activity, with no clear positive or negative implications for the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions and provides insight into management's stock ownership. It's common for executives to exercise stock options and sell a portion of the shares, often to cover tax liabilities.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates any significant concerns.
• Employees may view the stock option exercise as a positive sign of management's confidence in the company.

Key Dates

Keywords

Form 4, Clearwater Analytics, CWAN, James Cox, Stock Options, Insider Trading, SEC Filing, Class A Common Stock