Form 4: Clearwater Analytics Director Jaswinder Pal Singh Reports Stock Transactions

Director Jaswinder Pal Singh reports acquisition and disposal of Clearwater Analytics Holdings, Inc. stock related to RSU vesting and grants.

Summary

• Jaswinder Pal Singh, a director of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
• On June 11, 2024, Singh acquired 12,248 shares through the vesting of Restricted Stock Units (RSUs) issued on June 21, 2023, and disposed of the same amount.
• Following these transactions, Singh directly owns 23,241 shares of Class A Common Stock.
• Additionally, Singh was granted 10,334 Restricted Stock Units on June 11, 2024, which will vest fully on the date of the next annual shareholder meeting and expire on June 11, 2034.
• After the grant, Singh directly owns 10,334 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of 10,334 Restricted Stock Units to Jaswinder Pal Singh aligns his interests with the long-term performance of Clearwater Analytics Holdings, Inc.

Future Outlook

The new Restricted Stock Units will vest fully on the date of the next annual shareholder meeting, to be determined in the future.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions. It's a common practice for directors and officers to receive stock-based compensation, aligning their interests with shareholders.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a company director, providing transparency into insider activity.

Next Steps

• The next annual shareholder meeting will determine the vesting date of the new RSUs.

Key Dates