Clearwater Analytics Holdings, Inc.·4

Jun 25, 8:01 PM ET

Aghi Mukesh 4

Research Summary

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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.