Sahai Sandeep 4

What Happened

• Sandeep Sahai, CEO of Clearwater Analytics (CWAN), had Restricted Stock Units (RSUs) vest/settle on 2026-03-31 (reported as exercise/conversion of a derivative). The Form 4 shows 110,448 shares issued at $0.00 (no purchase price).
• On the same date he sold 51,967 shares in open-market transactions at $23.80 per share, generating total gross proceeds of $1,236,789. The sale was a sell-to-cover to satisfy tax withholding obligations (not a discretionary sale).

Key Details

• Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (appears timely).
• RSUs vested/converted: 110,448 shares reported as "M" (exercise/conversion) at $0.00.
• Open-market sales: 51,967 shares sold at $23.80 each; proceeds $1,236,789 (reported as "S").
• Footnotes: F1 = shares from RSU vesting; F2 = sales mandated to cover tax withholding ("sell to cover"); F3–F5 = RSU vesting schedule details.
• Shares owned after the transactions: not specified in the provided excerpt of the Form 4.

Context

• The derivative entries reflect RSU vesting/settlement (no exercise price). The simultaneous open-market sales were to satisfy withholding taxes per the issuer's election and are routine administrative transactions, not necessarily a signal of investment intent.
• For retail investors, purchases are typically more informative of insider sentiment; this filing documents vesting and tax-related sales rather than discretionary selling.