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 subsequent tax withholding of shares on March 31, 2024.
Summary
- On March 31, 2024, Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, Inc., reported transactions involving Class A Common Stock.
- 7,813 shares were acquired through the vesting of Restricted Stock Units (RSUs) at a price of $0.00.
- 3,528 shares were disposed of to cover tax withholding obligations at a price of $17.69 per share.
- Following these transactions, Sethi directly owns 98,829 shares of Class A Common Stock.
- Sethi also holds 117,187 unvested Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and are publicly available to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: vesting of Restricted Stock Units and tax withholding. |
| 02/28/2024 | Date of grant for the reported Restricted Stock Units. |
| 02/28/2034 | Expiration date of the reported Restricted Stock Units. |
| 04/03/2024 | Date of Form 4 filing. |
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