Form 4: Clearwater Analytics Executive Scott Erickson Reports Stock Transactions
SEC Form 4 Filing
Chief Revenue Officer Scott Erickson reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Scott Erickson, Chief Revenue Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock on June 30, 2024.
- He acquired 3,125 shares upon the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
- 1,596 shares were disposed of to cover tax withholding obligations at a price of $18.52.
- Following these transactions, Erickson directly owns 4,844 shares of Class A Common Stock.
- He also holds 43,750 unvested Restricted Stock Units (RSUs) granted on February 28, 2024.
- 6.25% of the RSUs vest at the end of each 3-month period for the next 4 years following January 1, 2024, and will settle within thirty days of the applicable vesting date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Start date for quarterly vesting of RSUs. |
| 02/28/2024 | Grant date of the unvested RSUs. |
| 06/30/2024 | Date of the reported transactions (RSU vesting and tax withholding). |
| 07/01/2024 | Date of the Form 4 filing. |
| 02/28/2034 | Expiration date of the Restricted Stock Unit |
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