Form 4: Clearwater Analytics Holdings Inc. Executive Souvik Das Reports Stock Transactions
SEC Form 4 Filing
Souvik Das, Chief Technology Officer of Clearwater Analytics Holdings Inc., reports acquisition and disposition of Class A Common Stock related to vesting of Restricted Stock Units.
Summary
- On March 31, 2024, Souvik Das, the Chief Technology Officer of Clearwater Analytics Holdings, Inc., acquired 4,688 shares of Class A Common Stock upon the vesting of Restricted Stock Units (RSUs).
- On the same day, Das disposed of 2,376 shares of Class A Common Stock to cover tax withholding obligations related to the RSU vesting at a price of $17.69 per share.
- Following these transactions, Das directly owns 83,142 shares of Class A Common Stock.
- Das also holds 70,312 unvested Restricted Stock Units, which vest in quarterly installments over the next four years following January 1, 2024.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The remaining RSUs will continue to vest quarterly over the next four years following January 1, 2024.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of transaction: acquisition of shares through RSU vesting and disposition of shares for tax obligations. |
| 02/28/2024 | Date of grant for the reported Restricted Stock Units. |
| 01/01/2024 | Starting date for quarterly vesting of Restricted Stock Units over the next four years. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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