Form 4: Clearwater Analytics Holdings Officer Subi Sethi Reports Stock Transactions
SEC Form 4 Filing
Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, reports the vesting and disposal of shares to cover tax obligations.
Summary
- Subi Sethi, Chief Client Officer of Clearwater Analytics Holdings, reported transactions involving Class A Common Stock and Restricted Stock Units on March 31, 2025.
- The transactions included the vesting of 7,813 Restricted Stock Units, which converted into Class A Common Stock.
- A total of 3,520 shares were disposed of to cover tax withholding obligations at a price of $26.8 per share.
- Following these transactions, Sethi directly owns 210,522 shares of Class A Common Stock and 203,124 Restricted Stock Units.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and compliance with SEC regulations. There is nothing inherently positive or negative, but the transparency is generally viewed favorably.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is typical for officers to receive stock-based compensation and to sell shares to cover tax obligations upon vesting.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their executives.
- Similar transactions are regularly reported by officers at comparable companies in the financial analytics and technology sectors.
- The vesting schedules and tax withholding practices are generally consistent with industry norms for equity compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on shareholders, as they relate to executive compensation and tax obligations.
- Employees may be interested in the details of executive compensation packages.
- The filing ensures transparency and compliance with regulatory requirements, which benefits all stakeholders.
Key Dates
| Date | Description |
|---|---|
| 01/01/2024 | Start date for vesting of 6.25% of Restricted Stock Units every 3 months for 4 years. |
| 01/01/2025 | Start date for vesting of 6.25% of Restricted Stock Units every 3 months for 4 years. |
| 03/31/2025 | Date of transactions: vesting of Restricted Stock Units and disposal of shares for tax obligations. |
| 02/28/2034 | Expiration date for some Restricted Stock Units. |
| 02/13/2035 | Expiration date for some Restricted Stock Units. |
| 04/02/2025 | Date of signature for the Form 4 filing. |
Keywords
Clearwater Analytics Holdings, CWAN, Form 4, Subi Sethi, Restricted Stock Units, Class A Common Stock, Officer Transactions, Beneficial Ownership
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