Form 4: Clearwater Analytics Holdings Executive Das Souvik Reports Stock Transactions Following PSU Vesting

Souvik Das, Chief Technology Officer of Clearwater Analytics Holdings, reports acquisition and disposal of Class A Common Stock related to the vesting of performance stock units and subsequent tax obligations.

Summary

• On February 20, 2023, Souvik Das acquired 100,000 shares of Class A Common Stock from the vesting of performance stock units (PSUs).
• On February 28, 2024, Das disposed of 50,680 shares at $19.44 to cover tax withholding obligations related to PSU vesting.
• Also on February 28, 2024, Das acquired 12,500 shares from PSUs issued on March 18, 2022, 4,687 shares from PSUs issued on September 24, 2021, and disposed of 6,335 shares and 3,168 shares at $19.44 to cover tax obligations.
• Das also acquired 75,000 restricted stock units (RSUs) on February 28, 2024, which vest quarterly over four years starting January 1, 2024.
• Following these transactions, Das directly owns 80,830 shares of Class A Common Stock and 75,000 unvested RSUs.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations. The vesting of PSUs suggests the company met certain performance targets, which is mildly positive.

Positives

• The vesting of performance stock units indicates that Clearwater Analytics Holdings achieved certain revenue growth targets in 2023.

Future Outlook

The reported RSU grant vests over the next four years, indicating continued alignment of executive compensation with long-term company performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect insider trading activity related to compensation.

Key Dates