Form 4: Clearwater Analytics Director Lisa Jones Reports Routine Equity Transactions and New RSU Grants

Clearwater Analytics Holdings, Inc. Director Lisa Jones filed a Form 4 detailing the vesting of restricted stock units, the sale of shares for tax withholding, and the grant of new equity awards.

Summary

• Lisa Jones, a Director at Clearwater Analytics Holdings, Inc. (CWAN), reported transactions on June 23, 2025.
• She acquired 10,334 shares of Class A Common Stock through the vesting of Restricted Stock Units (RSUs) that were originally issued on June 11, 2024.
• Concurrently, 2,481 shares of Class A Common Stock were disposed of at a price of $21.65 per share to cover tax liabilities related to the RSU vesting.
• Following these transactions, Lisa Jones beneficially owns 26,584 shares of Class A Common Stock directly.
• Additionally, Ms. Jones was granted two new sets of Restricted Stock Units: 8,765 RSUs that will vest fully on the date of the next annual shareholder meeting, and 6,574 RSUs that will vest equally over three years, beginning June 23, 2025.
• After the new grants, Ms. Jones beneficially owns 15,339 derivative securities (RSUs).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing details routine insider transactions related to equity compensation, including vesting, tax withholding, and new grants. There are no extraordinary positive or negative implications for the company's operations or financial health.

Positives

• The grant of new Restricted Stock Units (8,765 and 6,574 RSUs) aligns the Director's interests with long-term shareholder value, as these awards vest over time and are contingent on future performance or continued service.
• The acquisition of 10,334 shares through RSU vesting indicates that the Director is building her direct ownership stake in the company, demonstrating confidence.

Negatives

• The disposal of 2,481 shares for tax withholding purposes, while routine for RSU vesting, represents a reduction in the Director's direct shareholding.

Future Outlook

The document indicates future vesting events for the newly granted Restricted Stock Units. The 8,765 RSUs will vest fully on the date of the next annual shareholder meeting, which is to be determined. The 6,574 RSUs will vest equally over three years, beginning June 23, 2025.

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting of RSUs and subsequent share disposal for taxes results in a minor increase in the outstanding share count (dilution from vesting) and a slight reduction in the director's direct holdings, but the new RSU grants reinforce alignment with shareholder interests.
• Employees: Not directly impacted by this specific filing, but it reflects standard equity compensation practices for leadership.

Next Steps

• The 8,765 Restricted Stock Units granted will vest fully on the date of the next annual shareholder meeting.
• The 6,574 Restricted Stock Units granted will vest equally over three years, beginning on June 23, 2025.

Key Dates

Keywords

Clearwater Analytics, CWAN, SEC Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Equity Compensation, Director Transactions, Stock Ownership, Tax Withholding