Form 4: Clearwater Analytics CFO James S. Cox Executes Stock Option and Sells Shares
SEC Form 4
Clearwater Analytics CFO James S. Cox exercised stock options and sold shares on September 16, 2024, according to a Form 4 filing with the SEC.
Summary
- On September 16, 2024, James S. Cox, the Chief Financial Officer of Clearwater Analytics Holdings, Inc., engaged in multiple transactions involving the company's Class A Common Stock.
- Cox exercised stock options to acquire 33,879 shares at a price of $4.40 per share.
- He then disposed of 20,179 shares to cover tax obligations at a price of $24.4333.
- Additionally, Cox sold 13,700 shares at a weighted average price of $24.4333 and 5,000 shares at a weighted average price of $24.4656 on the open market.
- Following these transactions, Cox directly owns 227,503 shares of Class A Common Stock and holds options for 107,870 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing trading plan. There's no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Reporting person adopted a Rule 10b5-1 trading plan. |
| 05/20/2020 | Vesting date for 120,000 shares. |
| 11/02/2020 | Vesting date for 198,000 shares. |
| 05/20/2021 | Vesting date for 70,500 shares. |
| 05/20/2022 | Vesting date for 70,500 shares. |
| 05/20/2023 | Vesting date for 70,500 shares. |
| 05/20/2024 | Vesting date for 70,500 shares. |
| 05/20/2029 | Expiration date for stock options. |
| 09/16/2024 | Date of stock option exercise and stock sales. |
| 09/17/2024 | Date of Form 4 filing. |
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