Form 4: Clearwater Analytics CFO James S. Cox Executes Stock Option and Sells Shares

Clearwater Analytics CFO James S. Cox exercised stock options and sold shares of Class A Common Stock on August 1, 2024, according to a Form 4 filing with the SEC.

Summary

• On August 1, 2024, James S. Cox, CFO of Clearwater Analytics Holdings, Inc., executed a transaction involving the company's Class A Common Stock.
• Cox exercised stock options to acquire 37,628 shares at a price of $4.40 per share.
• Following the exercise, Cox disposed of 14,850 shares at a weighted average price of $22.0226 per share, with individual trades ranging from $22.00 to $22.09.
• Additionally, 22,778 shares were disposed of at $22.0226.
• After these transactions, Cox directly owns 232,503 shares of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 11, 2024.
• Cox also holds options to purchase 175,878 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports transactions. The sales are conducted under a pre-arranged 10b5-1 plan, which mitigates concerns about insider information.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects.

Key Dates