SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Sethi Subi

(Last) (First) (Middle)
C/O CLEARWATER ANALYTICS HOLDINGS, INC.
777 W. MAIN STREET, SUITE 900

(Street)
BOISE ID 83702

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Clearwater Analytics Holdings, Inc. [ CWAN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Client Officer
3. Date of Earliest Transaction (Month/Day/Year)
11/23/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 11/23/2022 M 5,397 A $4.4 5,397 D
Class A Common Stock 11/23/2022 S 5,397 D $18.174(1) 0.00 D
Class A Common Stock 11/25/2022 M 3,991 A $4.4 3,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 7,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 11,991 D
Class A Common Stock 11/25/2022 M 4,500 A $4.4 16,491 D
Class A Common Stock 11/25/2022 M 1,500 A $4.4 17,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 21,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 25,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 29,991 D
Class A Common Stock 11/25/2022 M 4,000 A $4.4 33,991 D
Class A Common Stock 11/25/2022 M 3,999 A $4.4 37,990 D
Class A Common Stock 11/25/2022 M 3,000 A $4.4 40,990 D
Class A Common Stock 11/25/2022 M 3,001 A $4.4 43,991 D
Class A Common Stock 11/25/2022 M 200 A $4.4 44,191 D
Class A Common Stock 11/25/2022 S 3,000 D $18.2433(2) 41,191 D
Class A Common Stock 11/25/2022 S 4,500 D $18.1115(3) 36,691 D
Class A Common Stock 11/25/2022 S 4,000 D $18.1524(4) 32,691 D
Class A Common Stock 11/25/2022 S 3,999 D $18.25 28,692 D
Class A Common Stock 11/25/2022 S 4,000 D $18.1298(5) 24,692 D
Class A Common Stock 11/25/2022 S 3,991 D $18.0758(6) 20,701 D
Class A Common Stock 11/25/2022 S 4,000 D $18.169(7) 16,701 D
Class A Common Stock 11/25/2022 S 3,001 D $18.1872(8) 13,700 D
Class A Common Stock 11/25/2022 S 4,000 D $18.211(9) 9,700 D
Class A Common Stock 11/25/2022 S 1,500 D $18.1277(10) 8,200 D
Class A Common Stock 11/25/2022 S 4,000 D $18.012(11) 4,200 D
Class A Common Stock 11/25/2022 S 4,000 D $18.0928(12) 200 D
Class A Common Stock 11/25/2022 S 200 D $18.225(13) 0.00 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $4.4 11/23/2022 M 5,397 (14) 01/02/2030 Class A Common Stock 5,397 $0.00 94,241 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 3,001 (14) 01/02/2030 Class A Common Stock 3,001 $0.00 91,240 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 87,240 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,500 (14) 01/02/2030 Class A Common Stock 4,500 $0.00 82,740 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 3,000 (14) 01/02/2030 Class A Common Stock 3,000 $0.00 79,740 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 75,740 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 3,991 (14) 01/02/2030 Class A Common Stock 3,991 $0.00 71,749 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 67,749 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 3,999 (14) 01/02/2030 Class A Common Stock 3,999 $0.00 63,750 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 59,750 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 55,750 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 4,000 (14) 01/02/2030 Class A Common Stock 4,000 $0.00 51,750 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 1,500 (14) 01/02/2030 Class A Common Stock 1,500 $0.00 50,250 D
Stock Option (Right to Buy) $4.4 11/25/2022 M 200 (15) 01/02/2030 Class A Common Stock 200 $0.00 149,556 D
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $18.105 USD to $18.37 USD; the price reported above reflects the weighted average sale price.
2. This transaction was executed in multiple trades at prices ranging from $18.1915 USD to $18.30 USD; the price reported above reflects the weighted average sale price.
3. This transaction was executed in multiple trades at prices ranging from $18.08 USD to $18.145 USD; the price reported above reflects the weighted average sale price.
4. This transaction was executed in multiple trades at prices ranging from $18.13 USD to $18.16 USD; the price reported above reflects the weighted average sale price.
5. This transaction was executed in multiple trades at prices ranging from $18.10 USD to $18.1453 USD; the price reported above reflects the weighted average sale price.
6. This transaction was executed in multiple trades at prices ranging from $18.05 USD to $18.0952 USD; the price reported above reflects the weighted average sale price.
7. This transaction was executed in multiple trades at prices ranging from $18.16 USD to $18.20 USD; the price reported above reflects the weighted average sale price.
8. This transaction was executed in multiple trades at prices ranging from $18.10 USD to $18.30 USD; the price reported above reflects the weighted average sale price.
9. This transaction was executed in multiple trades at prices ranging from $18.20 USD to $18.23 USD; the price reported above reflects the weighted average sale price.
10. This transaction was executed in multiple trades at prices ranging from $18.12 USD to $18.16 USD; the price reported above reflects the weighted average sale price.
11. This transaction was executed in multiple trades at prices ranging from $18.0118 USD to $18.07 USD; the price reported above reflects the weighted average sale price.
12. This transaction was executed in multiple trades at prices ranging from $18.085 USD to $18.13 USD; the price reported above reflects the weighted average sale price.
13. This transaction was executed in multiple trades at prices ranging from $18.22 USD to $18.23 USD; the price reported above reflects the weighted average sale price.
14. Vests 41,251 share(s) on 02-Nov-2020, 16,750 share(s) on 02-Jan-2021, 16,750 share(s) on 02-Jan-2022, 16,750 share(s) on 02-Jan-2023, 16,750 share(s) on 02-Jan-2024, 16,750 share(s) on 02-Jan-2025
15. Vests 61,875 share(s) on 02-Nov-2020, 25,125 share(s) on 05-Mar-2021, 25,125 share(s) on 01-Jan-2022, 25,125 share(s) on 01-Jan-2023, 25,125 share(s) on 01-Jan-2024, 25,125 share(s) on 01-Jan-2025
Remarks:
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Subi Sethi 11/25/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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