Form 4: Clearwater Analytics Director Kathleen Corbet Reports Stock Transactions

Director Kathleen Corbet reports the vesting of restricted stock units and subsequent stock transactions.

Summary

• On June 11, 2024, Kathleen Corbet, a director of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
• She acquired 12,248 shares upon the vesting of Restricted Stock Units (RSUs) issued on June 21, 2023.
• She disposed of 2,940 shares to cover tax obligations at a price of $20.1 per share.
• Following these transactions, Corbet directly owns 34,659 shares of Class A Common Stock.
• Additionally, she was granted 10,334 Restricted Stock Units that will vest fully on the date of the next annual shareholder meeting.
• She will receive one share of Clearwater Analytics Holdings Inc. common stock for each RSU.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of stock transactions by a company director. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.

Positives

• The grant of 10,334 new Restricted Stock Units to Kathleen Corbet aligns her interests with the company's future performance.

Future Outlook

The newly granted Restricted Stock Units will vest fully on the date of the next annual shareholder meeting, which is yet to be determined.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company insiders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider trading activity, which is a normal part of corporate governance.

Next Steps

• The newly granted Restricted Stock Units will vest fully on the date of the next annual shareholder meeting.

Key Dates