Form 4: Director D. Scott Mackesy Sells Clearwater Analytics Shares

Director D. Scott Mackesy sold 633,879 shares of Clearwater Analytics Holdings, Inc. common stock on June 15, 2026.

Summary

• Director D. Scott Mackesy disposed of 633,879 shares of Class A Common Stock.
• The shares were sold at a weighted average price of $24.296 per share.
• The total value of the transaction is approximately $15.4 million.
• The sale was executed pursuant to Rule 144 under the Securities Act.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event; while insider selling can be perceived negatively, it is often routine and does not necessarily reflect a change in the company's fundamental business health.

Positives

• The transaction was executed in accordance with established regulatory frameworks (Rule 144).

Negatives

• Significant insider selling by a director may signal a lack of confidence or personal liquidity needs.

Risks

• Large-scale insider selling can create downward pressure on the stock price due to increased supply in the market.

Future Outlook

No specific forward-looking guidance or operational outlook was provided in this filing.

Industry Context

StockSavvy.ai notes that insider selling is a common occurrence for directors and executives for portfolio diversification or tax planning, though it is closely monitored by investors for potential signals regarding company valuation.

Comparison to Industry Standards

• Insider sales of this magnitude are standard for directors of publicly traded SaaS companies during open trading windows.
• The use of Rule 144 for liquidity events is a standard practice for corporate insiders.

Related Party Transactions

• The sale included 206,103 shares held by The D Scott Mackesy 2014 Irrevocable Descendants Trust.

Stakeholder Impact

• Shareholders may experience short-term price volatility due to the volume of shares sold.

Next Steps

• Continued monitoring of future Form 4 filings for further insider activity.

Key Dates

Keywords

Clearwater Analytics, CWAN, Insider Trading, Form 4, D. Scott Mackesy, Stock Sale