Form 4: WCAS XIII Sells 10.6 Million Shares of Clearwater Analytics Holdings

WCAS XIII Carbon Analytics Acquisition, L.P. sold 10.6 million shares of Class A Common Stock in Clearwater Analytics Holdings, while also converting and acquiring other classes of stock.

Summary

• WCAS XIII Carbon Analytics Acquisition, L.P. sold 10,645,133 shares of Class A Common Stock at a price of $29.25 per share.
• The transaction occurred on December 4, 2024.
• The reporting entity also converted 6,048,453 shares of Class C Common Stock and 4,596,680 shares of Class D Common Stock.
• Additionally, the entity acquired 10,645,133 shares of Class A Common Stock.
• The transactions involved multiple entities including WCAS GP CW LLC, WCAS XIII Carbon Investors, L.P., and WCAS XIII Associates LLC.
• The shares were sold pursuant to Rule 144 under the Securities Act of 1933.

Sentiment

Score: 5

Explanation: The document reflects a standard transaction by a major shareholder, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This filing reflects a significant transaction by a major shareholder, WCAS XIII, in Clearwater Analytics Holdings. Such transactions are common and can influence market perception of the company's stock.

Comparison to Industry Standards

• Sales of shares by major holders are a normal part of the investment lifecycle, especially after a company's IPO.
• Rule 144 sales are a standard method for selling restricted stock, and the volume of shares sold is not unusual for a large institutional investor like WCAS XIII.
• The conversion of Class C and D shares into Class A and B shares is a common mechanism in companies with dual-class stock structures, often tied to specific ownership or time-based triggers.

Stakeholder Impact

• The sale of shares by WCAS XIII may have a minor impact on the stock price of Clearwater Analytics Holdings.
• The conversion of different classes of stock may affect the voting power of different shareholders.

Key Dates

Keywords

Clearwater Analytics Holdings, WCAS XIII, Class A Common Stock, Class C Common Stock, Class D Common Stock, Securities Sale, Rule 144, Stock Conversion, Beneficial Ownership