Form 4: Clearwater Analytics Executive Scott Erickson Reports Stock Transactions

Clearwater Analytics' Chief Revenue Officer, Scott Erickson, reports exercising stock options and selling shares under a pre-arranged trading plan.

Summary

• Scott Erickson, Chief Revenue Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock on July 16, 2024.
• Erickson exercised options to acquire 9,998 shares at a price of $4.
• He then sold 3,890 shares at $19.5 per share.
• Additionally, 6,108 shares were disposed of at $19.5 per share.
• Following these transactions, Erickson directly owns 4,844 shares of Class A Common Stock.
• The sales were executed under a Rule 10b5-1 trading plan adopted on March 8, 2024.
• Erickson also holds options to purchase 232,362 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a routine occurrence. The transactions were executed under a pre-arranged trading plan, further reducing any potential positive or negative implications.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often scrutinized by investors for insights into management's perspective on the company's future prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the sales mitigates any significant concerns.

Key Dates