Form 4: Clearwater Analytics Executive Scott Erickson Executes Stock Option and Sells Shares

Clearwater Analytics' Chief Revenue Officer, Scott Erickson, exercised stock options and sold shares on August 12, 2024, according to a Form 4 filing.

Summary

• On August 12, 2024, Scott Erickson, the Chief Revenue Officer of Clearwater Analytics Holdings, Inc., exercised a stock option to acquire 9,661 shares of Class A Common Stock at a price of $4.
• Following the exercise of the option, Erickson disposed of 5,771 shares to cover tax obligations at a price of $22.55.
• Erickson also sold 3,890 shares of Class A Common Stock at $22.55 per share.
• After these transactions, Erickson directly owns 4,844 shares of Class A Common Stock.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 8, 2024.
• Erickson continues to hold 222,701 stock options.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by an executive, with no inherent positive or negative sentiment.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the potential dilution from option exercises and the signal from the sale of shares, although the use of a 10b5-1 plan mitigates concerns about insider information.

Key Dates