Form 4: Clearwater Analytics Holdings Executive Souvik Das Sells 50,000 Shares

Souvik Das, Chief Technology Officer of Clearwater Analytics Holdings, sold 50,000 shares of Class A Common Stock on June 12, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Souvik Das, the Chief Technology Officer of Clearwater Analytics Holdings, Inc. (CWAN), sold 50,000 shares of Class A Common Stock on June 12, 2024.
• The sale was executed at a weighted average price of $19.9646 per share, with individual trades ranging from $19.74 to $20.16.
• Following the transaction, Das directly owns 33,142 shares of Class A Common Stock.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on August 28, 2023.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.

Industry Context

Insider sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects. However, large or frequent sales can sometimes be viewed negatively by investors.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment.

Key Dates