Form 4: Clearwater Analytics Director Sells Shares in Merger

Lisa Jones, a Director at Clearwater Analytics Holdings, Inc., reported the disposition of 26,584 shares of Class A Common Stock and the cancellation of Restricted Stock Units as part of a merger transaction.

Summary

• Lisa Jones, a Director at Clearwater Analytics Holdings, Inc., has reported a transaction involving the disposition of 26,584 shares of Class A Common Stock.
• The disposition occurred on June 25, 2026, with shares sold at a price of $24.55 per share.
• Additionally, 15,339 Restricted Stock Units (RSUs) were canceled in exchange for a cash payment equivalent to the merger consideration.
• These RSUs had various vesting schedules, with some vesting on June 23, 2026, and others on anniversaries of the 2025 Annual Shareholders Meeting and June 23, 2027, and June 23, 2028.
• The transaction is related to the Agreement and Plan of Merger dated December 20, 2025, involving Clearwater Analytics, GT Silver BidCo, Inc., and GT Silver Merger Sub, Inc.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, as it reports on a completed merger transaction and insider share disposition rather than new operational or financial performance.

Negatives

• Director Lisa Jones disposed of a significant number of shares (26,584) and had RSUs canceled as part of a merger, indicating a change in ownership structure.

Future Outlook

The filing details a completed merger transaction where shares and RSUs were converted to cash, indicating the company is no longer publicly traded in its previous form. No future operational outlook is provided in this specific filing.

Industry Context

StockSavvy.ai notes that Form 4 filings related to mergers are common as insiders adjust their holdings. The $24.55 per share merger consideration provides a benchmark for the valuation of Clearwater Analytics at the time of the transaction.

Stakeholder Impact

• Shareholders: Received cash payment of $24.55 per share, concluding their equity interest in Clearwater Analytics Holdings, Inc.
• Management and Directors: Lisa Jones, a Director, has disposed of her holdings as part of the merger.
• Employees: Employees holding RSUs have had them canceled and received cash compensation.

Next Steps

• The merger transaction has been completed.
• Shareholders have received cash consideration for their shares.

Key Dates

Keywords

Clearwater Analytics Holdings, CWAN, Form 4, Insider Transaction, Merger, Stock Disposition, Restricted Stock Units, Lisa Jones