Cox James S 4

What Happened
James S. Cox, Chief Financial Officer of Clearwater Analytics Holdings, was granted 215,982 restricted stock units (RSUs) on February 11, 2026. The Form 4 records the acquisition as an award (code A) with a reported acquisition price of $0.00 (derivative award). The filing shows the grant amount but not a realized cash value — the economic value will depend on Clearwater’s share price when the RSUs vest and settle.

Key Details

• Transaction date: 2026-02-11; Form 4 filed 2026-02-13 (appears timely).
• Award: 215,982 RSUs; reported acquisition price $0.00 (derivative).
• Vesting: 12.5% of the RSUs will vest at the end of each 3-month period for the next 2 years following January 1, 2026 (i.e., quarterly vesting over eight quarters); vested RSUs will settle within 30 days of each vesting date. This implies roughly ~27,000 RSUs vesting each quarter.
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding or late-filing notation disclosed in the filing’s footnotes.

Context
RSUs are a common form of long-term, retention-oriented compensation for executives; they are derivative rights to receive shares in the future rather than an immediate purchase or sale. Because these RSUs convert to shares only as they vest, they do not represent an immediate change in market exposure — the ultimate value realized by Cox will depend on Clearwater’s stock price at each settlement. For investors, awards signal company compensation decisions but are not the same signal as an insider buying shares with cash.