MACKESY D SCOTT 4
Research Summary
AI-generated summary
Clearwater Analytics (CWAN) Director D. Scott Mackesy Sells 633,879 Shares
What Happened
- D. Scott Mackesy, a director of Clearwater Analytics Holdings, sold 633,879 shares of CWAN on 2026-06-15. The weighted-average sale price was $24.30 per share for total proceeds of $15,400,724. The sales were reported as open-market/private sales and were made pursuant to Rule 144.
Key Details
- Transaction date: 2026-06-15; Form 4 filed: 2026-06-17 (filed timely, within the usual two-business-day window).
- Price details: multiple transactions at prices ranging from $24.2600 to $24.3250; reported weighted average $24.30.
- Shares sold: 633,879 total (427,776 held directly by Mackesy + 206,103 held by The D Scott Mackesy 2014 Irrevocable Descendants Trust).
- Shares owned after transaction: 0 reported for the securities covered by this filing (i.e., the 633,879 shares sold).
- Notable footnote: F1 confirms the sales were made under Rule 144 and that the reporting person can provide a per-price breakdown on request.
Context
- This was a sale (disposition) of existing shares under Rule 144, a common mechanism for reselling restricted or control securities once conditions are met; such sales are routine and do not by themselves indicate the insider’s view of the company’s prospects.