Form 4: Clearwater Analytics Executive Subi Sethi Reports Stock Transactions
SEC Form 4 Filing
Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, Inc., reports the vesting and tax-related disposition of Class A Common Stock and Restricted Stock Units (RSUs).
Summary
- Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On December 31, 2024, 7,812 Class A Common Stock shares were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $0.00, and 3,519 shares were disposed of to cover tax withholding obligations at $27.52 per share.
- On January 1, 2025, 50,000 Class A Common Stock shares were acquired through RSU vesting at $0.00, and 17,404 shares were disposed of for tax obligations at $27.52 per share.
- Additionally, on January 1, 2025, 17,575 Class A Common Stock shares were acquired through RSU vesting at $0.00, and 7,917 shares were disposed of for tax obligations at $27.52 per share.
- Following these transactions, Sethi directly owns 132,652 shares of Class A Common Stock and holds unvested Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Vesting of 7,812 Restricted Stock Units and disposition of 3,519 shares for tax obligations. |
| 01/01/2025 | Vesting of 50,000 and 17,575 Restricted Stock Units and disposition of 17,404 and 7,917 shares for tax obligations. |
| 01/03/2025 | Date of Form 4 filing. |
| 02/28/2034 | Expiration date for some Restricted Stock Units. |
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