AIGRAIN JACQUES 4

What Happened
Director Jacques Aigrain disposed of a total of 105,620 shares/equivalent awards in Clearwater Analytics (CWAN) on June 25, 2026, receiving aggregate cash proceeds of $1,592,977. The transactions were dispositions to the issuer in connection with the company’s merger—each outstanding share was converted into the right to receive $24.55 per share under the Merger Agreement. The reported line items include direct share conversion and cash settlement of awards and options (some reported at lower per-share net amounts reflecting option exercise-price offsets).

Key Details

• Transaction date: 2026-06-25. Merger consideration: $24.55 per share (per Merger Agreement).
• Reported disposals:
  • 20,481 shares @ $24.55 = $502,809 (conversion of common stock)
  • 15,339 shares @ $24.55 = $376,572 (derivative/RSU)
  • 48,387 shares @ $12.15 = $587,902 (derivative — net of option exercise price)
  • 21,413 shares @ $5.87 = $125,694 (derivative — net of option exercise price)
• Total shares/award units: 105,620; total cash received: $1,592,977.
• Options were fully vested (footnote F4); vested awards/Director RSUs were canceled for cash equal to the $24.55 Merger Consideration, and option cancellations were paid net of exercise price (footnotes F2–F3).
• Post-transaction holdings are not specified in the filing.
• Filing date/period: 2026-06-25 — the report covers the same date, with no late-filing indication.

Context
These were merger-related cash settlements (dispositions to the issuer), not open-market sales; RSUs and vested awards were canceled and paid out, and options were settled for cash reflecting the Merger Consideration less the options’ exercise prices. Such filings document transaction mechanics tied to the corporate event rather than an independent purchase or sale decision by the insider.