Aghi Mukesh 4
4 · Clearwater Analytics Holdings, Inc. · Filed Jun 25, 2026
Research Summary
AI-generated summary of this filing
Clearwater Analytics (CWAN) Director Aghi Mukesh Cashes Out 15,339 Shares
What Happened
Aghi Mukesh, a director of Clearwater Analytics Holdings, disposed of 15,339 shares (derivative RSUs) to the issuer on June 25, 2026, for $24.55 per share, for total cash consideration of $376,572. The transaction was a cash-out of RSUs under the company's December 20, 2025 Merger Agreement (disposition to the issuer), not an open-market sale.
Key Details
- Transaction date and price: June 25, 2026 — 15,339 shares @ $24.55 each = $376,572. (Transaction code: D — Disposition to issuer; derivative transaction.)
- Source of shares: These were Director Restricted Stock Units (RSUs). The 15,339 total equals three tranches of 5,113 RSUs.
- Vesting schedule noted: 5,113 RSUs vested on June 23, 2026; the other tranches were scheduled for June 23, 2027 and June 23, 2028 (Footnote F1).
- Merger treatment: Under the Merger Agreement, each outstanding share was converted into $24.55 cash and all outstanding vested awards and Director RSUs were canceled for cash equal to the merger consideration per award (Footnotes F2, F3).
- Shares owned after transaction: The Form 4 does not report remaining Common Stock holdings for the filer after this cash-out.
- Filing timeliness: Report filed on June 25, 2026 (same date as transaction) — appears timely.
Context
This was a derivative cash-out tied to an acquisition, where RSUs were canceled and paid cash at the agreed merger price. That is a routine administrative disposition under a merger and differs from an insider selling shares into the open market; it doesn't necessarily signal a change in the director's market view.
Insider Transaction Report
- Disposition to Issuer
Restricted Stock Units
[F2][F3][F1]2026-06-25$24.55/sh−15,339$376,572→ 0 totalExercise: $0.00Exp: 2035-06-23→ Class A Common Stock (15,339 underlying)
Footnotes (3)
- [F1]The reported Restricted Stock Units ("RSUs") vested or were scheduled to vest as follows: 5,113 vested RSUs on June 23, 2026; 5,113 shares on June 23, 2027; and 5,113 shares on June 23, 2028.
- [F2]The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 20, 2025, by and among the Issuer, GT Silver BidCo, Inc. ("Parent") and GT Silver Merger Sub, Inc., a wholly-owned subsidiary of Parent. Under the terms of the Merger Agreement, each share of the Issuer's Class A Common Stock ("Common Stock") issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") was converted into the right to receive an amount in cash equal to $24.55 per share, without interest (the "Merger Consideration").
- [F3]At the Effective Time, all outstanding vested awards and Director RSUs with respect to Common Stock were canceled in exchange for a cash payment equal to the Merger Consideration multiplied by the number of shares of Common Stock subject to the award.