Form 4: Clearwater Analytics CFO James S. Cox Executes Stock Option and Sells Shares
SEC Form 4 Filing
Clearwater Analytics CFO James S. Cox exercised stock options and sold shares of Class A Common Stock on August 15, 2024, according to a Form 4 filing with the SEC.
Summary
- On August 15, 2024, James S. Cox, CFO of Clearwater Analytics Holdings, Inc., executed a stock option to acquire 34,129 shares of Class A Common Stock at a price of $4.40 per share.
- Simultaneously, Cox disposed of 20,429 shares to cover tax obligations at $23.6446 per share.
- He also sold 13,700 shares of Class A Common Stock at a weighted average price of $23.6446, with prices ranging from $23.50 to $23.88.
- Following these transactions, Cox directly owns 232,503 shares of Class A Common Stock and holds options for 141,749 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine insider transactions under a pre-arranged trading plan. There's no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to exercise stock options and sell a portion of the shares for tax purposes or portfolio diversification.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are part of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of adoption of Rule 10b5-1 trading plan by the reporting person. |
| 08/15/2024 | Date of transaction: Stock option exercise and sale of shares. |
| 08/16/2024 | Date of signature on the Form 4 filing. |
| 05/20/2029 | Expiration date of stock options. |
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