Form 4: Clearwater Analytics Holdings Inc. Executive Scott Erickson Reports Stock Transactions
SEC Form 4
Scott Erickson, Chief Revenue Officer of Clearwater Analytics Holdings Inc., reports exercising stock options and selling shares under a pre-arranged 10b5-1 trading plan.
Summary
- On October 10, 2024, Scott Erickson, the Chief Revenue Officer of Clearwater Analytics Holdings Inc., engaged in multiple transactions involving the company's Class A Common Stock.
- Erickson exercised stock options to acquire 9,434 shares at an exercise price of $4.
- He then sold 3,890 shares at a weighted average price of $25.3812, with individual trades ranging from $24.98 to $25.60.
- Additionally, 5,544 shares were disposed of at $25.3812.
- Following these transactions, Erickson directly owns 6,373 shares of Class A Common Stock and holds options for 203,710 shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of stock transactions. The transactions themselves don't necessarily indicate a positive or negative outlook.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged trading plan mitigates concerns about insider information.
Key Dates
| Date | Description |
|---|---|
| 2018-01-24 | 120,000 shares vest |
| 2019-01-16 | 120,000 shares vest |
| 2020-01-21 | 120,000 shares vest |
| 2020-11-02 | 198,000 shares vest |
| 2021-03-05 | 21,000 shares vest |
| 2022-01-01 | 21,000 shares vest |
| 2024-03-08 | Rule 10b5-1 trading plan adopted |
| 2024-10-10 | Stock option exercise and sale of shares |
| 2027-12-31 | Expiration date of stock options |
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