Form 4: Clearwater Analytics Holdings Executive Scott Erickson Reports Stock Transactions

Scott Erickson, an officer at Clearwater Analytics Holdings, reported the acquisition and disposition of Class A Common Stock and Restricted Stock Units on March 31, 2024.

Summary

• On March 31, 2024, Scott Erickson, an officer of Clearwater Analytics Holdings, engaged in transactions involving Class A Common Stock and Restricted Stock Units (RSUs).
• Erickson acquired 3,125 shares of Class A Common Stock upon the vesting of RSUs at a price of $0.00.
• Simultaneously, 1,596 shares were disposed of at $17.69 per share to cover tax withholding obligations related to the RSU vesting.
• Following these transactions, Erickson directly owns 117,629 shares of Class A Common Stock and 46,875 unvested RSUs.
• The RSUs vest in installments of 6.25% 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 disclosure of stock transactions by an officer, with no indication of unusual or concerning activity. The sentiment is neutral.

Future Outlook

The remaining RSUs will continue to vest quarterly over the next four years following January 1, 2024.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities. This filing indicates routine transactions related to equity compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates