Kochansky Joseph Morris 4

4 · Clearwater Analytics Holdings, Inc. · Filed Jun 30, 2022

Form 4

Period: 2022-06-28

See Remarks

Transactions

Exercise/Conversion
Class A Common Stock
2022-06-28+93,750→ 97,726 total
Tax Payment
Class A Common Stock
2022-06-28$12.97/sh−41,295$535,596→ 56,431 total
Exercise/Conversion
Restricted Stock Units
2022-06-28−93,750→ 281,250 total
Exercise: $0.00→ Class A Common Stock (281,250 underlying)

Footnotes (4)

[F1]On June 28, 2021, the Reporting Person received a grant of 375,000 restricted units which, upon vesting, would be settled in units of CWAN Holdings LLC Interests. The restricted units were subsequently converted into an equivalent number of restricted stock units ("RSU") in connection with the Issuer's IPO. Each RSU represents a right to receive one share of the Issuer's Class A Common Stock.
[F2]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
[F3]The RSUs were granted on June 28, 2021, and vest in four equal annual installments beginning on and including June 28, 2022.
[F4]This represents the unvested portion of the RSUs granted on June 28, 2021 and does not include other RSUs with different vesting terms.

Documents

1 file