X0206 3 2021-09-23 0 0001866368 Clearwater Analytics Holdings, Inc. CWAN 0001540041 Ryu Marcus C/O CLEARWATER ANALYTICS HOLDINGS, INC. 777 W. MAIN STREET, SUITE 900 BOISE ID 83702 1 0 0 0 Class B Common Stock 80645 D CWAN Holdings LLC Interests Class A Common Stock 80645 D Employee Stock Option (right to buy) 12.40 2031-03-09 Class A Common Stock 279033 D Shares of Class B Common Stock do not represent economic interests in the issuer. Upon exchange of CWAN Holdings LLC Interests ("LLC Interests") that are held by the Reporting Person and reported in Table II hereof, an equal number of the reported shares of the Issuer's Class B Common Stock will be transferred to the Issuer and cancelled for no consideration. Pursuant to the Third Amended and Restated Limited Liability Company Agreement of CWAN Holdings, the Reporting Person may exchange all or a portion of such person's LLC Interests (together with the delivery for no consideration of an equal number of shares of Class B Common Stock) for an equal number of newly issued shares of Class A Common Stock from time to time, subject to customary adjustments, or, at the election of the Issuer, a cash payment equal to the 20-day volume weighted average price of shares of Class A Common Stock immediately prior to the applicable exchange date. The reported securities are options which vest in four equal annual installments beginning on and including March 9, 2022. Exhibit List - Exhibit 24.1 - Power of Attorney /s/ Alphonse Valbrune, as Attorney-in-Fact, for Marcus Ryu 2021-09-23