Form 4: Clearwater Analytics CTO Executes Stock Sale

Clearwater Analytics Chief Technology Officer Souvik Das sold 10,000 shares of Class A Common Stock via a pre-arranged trading plan.

Summary

• Souvik Das, Chief Technology Officer of Clearwater Analytics Holdings, Inc., sold 10,000 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $24.354 per share.
• The transaction was executed on June 8, 2026, pursuant to a Rule 10b5-1 trading plan adopted on May 6, 2025.
• Following the transaction, the reporting person retains beneficial ownership of 180,109 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale was pre-planned and represents a small portion of the executive's total holdings.

Positives

• The sale was conducted under a pre-established Rule 10b5-1 trading plan, which is a standard mechanism for executives to sell shares without triggering insider trading concerns.

Negatives

• The sale represents a reduction in the executive's direct equity stake in the company.

Risks

• Executive stock sales can sometimes be perceived negatively by the market as a signal of management's view on the company's valuation.

Future Outlook

No forward-looking guidance or operational outlook was provided in this filing.

Industry Context

StockSavvy.ai notes that executive divestments via 10b5-1 plans are routine corporate governance events and generally do not reflect a change in company fundamentals or strategic direction.

Comparison to Industry Standards

• The use of Rule 10b5-1 plans is the industry standard for corporate executives to manage personal liquidity while maintaining regulatory compliance.

Stakeholder Impact

• Minimal impact on shareholders as the sale was executed through a pre-planned, non-discretionary trading program.

Key Dates

Keywords

Clearwater Analytics, CWAN, Insider Trading, Form 4, Executive Compensation, Stock Sale