Form 4: Clearwater Analytics Executive Scott Erickson Reports Stock Transactions
SEC Form 4
Scott Erickson, Chief Revenue Officer of Clearwater Analytics, reports the exercise of stock options and subsequent sale of shares under a pre-arranged trading plan.
Summary
- Scott Erickson, the Chief Revenue Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock on June 7, 2024.
- Erickson exercised stock options to acquire 9,905 shares at a price of $4.
- Following the exercise, Erickson disposed of 6,015 shares to cover tax obligations at $20.24 per share.
- He also sold 3,890 shares at $20.24 and 3,315 shares at a weighted average price of $20.091.
- After these transactions, Erickson directly owns 117,629 shares of Class A Common Stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on March 8, 2024.
- Erickson continues to hold options to purchase 242,360 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document reports routine stock transactions by an executive. It doesn't contain information that would significantly shift investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies. Monitoring these transactions can provide insights into management's perspective on the company's value and future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged trading plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2018-01-24 | Vesting of 120,000 shares |
| 2019-01-16 | Vesting of 120,000 shares |
| 2020-01-21 | Vesting of 120,000 shares |
| 2020-11-02 | Vesting of 198,000 shares |
| 2021-03-05 | Vesting of 21,000 shares |
| 2022-01-01 | Vesting of 21,000 shares |
| 2024-03-08 | Adoption date of Rule 10b5-1 trading plan |
| 2024-06-07 | Date of stock option exercise and sale transactions |
| 2024-06-10 | Date of Form 4 filing |
| 2027-12-31 | Expiration date of stock options |
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