Form 4: Clearwater Analytics Director Reports Significant Stock Acquisition and New RSU Grant

Clearwater Analytics Holdings, Inc. Director Jaswinder Pal Singh reported the acquisition of 10,334 shares of Class A Common Stock from RSU vesting and a new grant of 8,765 Restricted Stock Units.

Summary

• Jaswinder Pal Singh, a Director at Clearwater Analytics Holdings, Inc. (CWAN), reported transactions on June 23, 2025.
• He 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.
• Following this acquisition, his direct beneficial ownership of Class A Common Stock increased to 33,575 shares.
• Additionally, Mr. Singh was granted 8,765 new Restricted Stock Units on June 23, 2025.
• These newly granted RSUs represent a contingent right to receive one share of common stock per RSU and are set to vest fully on the one-year anniversary of the grant date (June 23, 2026), with an expiration date of June 23, 2035.

Sentiment

Score: 7

Explanation: The document reports routine insider transactions, specifically RSU vesting and a new RSU grant, which are generally positive as they align director interests with shareholders and represent ongoing compensation. There are no negative disclosures.

Positives

• Director Jaswinder Pal Singh increased his direct beneficial ownership of Class A Common Stock by 10,334 shares through RSU vesting, indicating continued alignment with shareholder interests.
• The grant of 8,765 new Restricted Stock Units to a director suggests ongoing commitment and incentivization of key management.

Negatives

• No explicit negatives are present in this Form 4 filing, as it primarily reports routine insider transactions.

Risks

• No specific risks are detailed in this Form 4 filing, which is a standard disclosure for insider transactions.

Future Outlook

The document indicates future vesting of 8,765 Restricted Stock Units on June 23, 2026, which will convert into Class A Common Stock upon vesting.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects standard equity compensation practices for directors in publicly traded companies, particularly in the financial technology or software sector where Clearwater Analytics operates.

Comparison to Industry Standards

• This is a standard insider transaction report (Form 4) detailing equity compensation and ownership changes for a director.
• Such filings are common across all publicly traded companies, including peers in the financial software and data analytics industry like BlackRock (Aladdin), State Street (Charles River Development), or SimCorp.
• The specific numbers (shares acquired, RSUs granted) are company-specific and reflect Clearwater Analytics' compensation policies and the individual's tenure/role, rather than a direct comparison to industry-wide performance benchmarks.
• The $0.00 price for RSU vesting and grants is standard for equity compensation.

Related Party Transactions

• The transactions involve equity compensation for a director, which is a common form of related party transaction in the context of executive compensation.

Stakeholder Impact

• Shareholders: The increase in director ownership through RSU vesting aligns the director's interests with shareholders. The grant of new RSUs incentivizes the director for future performance.

Next Steps

• The 8,765 Restricted Stock Units granted on June 23, 2025, are expected to vest fully on June 23, 2026.

Key Dates

Keywords

Clearwater Analytics Holdings Inc., CWAN, Form 4, Insider Trading, Restricted Stock Units, RSU Vesting, Director Stock Ownership, Equity Compensation, Jaswinder Pal Singh