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 of restricted stock units and subsequent tax withholding.
Summary
- On September 30, 2024, Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
- 7,813 shares were acquired upon the vesting of Restricted Stock Units (RSUs).
- 3,520 shares were disposed of to cover tax withholding obligations at a price of $25.25 per share.
- Following these transactions, Sethi directly owns 86,105 shares of Class A Common Stock.
- Sethi also holds 101,562 unvested Restricted Stock Units granted on February 28, 2024.
- 6.25% of the Restricted Stock Units 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: This is a routine filing related to executive compensation and does not indicate any significant positive or negative sentiment.
Future Outlook
The remaining RSUs will continue to vest quarterly until the end of the vesting period.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| February 28, 2024 | Date of grant for the unvested RSUs. |
| January 1, 2024 | Start date for the quarterly vesting of RSUs. |
| September 30, 2024 | Date of the reported transactions (vesting of RSUs and tax withholding). |
| October 1, 2024 | Date of signature for the Form 4 filing. |
| February 28, 2034 | Expiration date of the Restricted Stock Units. |
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