Das Souvik 4

What Happened Souvik Das, Chief Technology Officer of Clearwater Analytics Holdings (CWAN), sold 10,000 shares in an open-market transaction on April 8, 2026. The weighted average sale price was $24.01 per share, for gross proceeds of approximately $240,120. This was a sale (not a purchase), which is generally routine insider liquidity rather than a direct bullish signal.

Key Details

• Transaction date: April 8, 2026; Form 4 filed April 13, 2026 (appears to be after the standard 2-business-day filing window).
• Price: weighted average $24.01; executed in multiple trades at prices ranging $23.99–$24.05 (per filing footnote).
• Shares sold: 10,000; proceeds ≈ $240,120.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Notable footnote: The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted May 6, 2025 (per filing).

Context A 10b5-1 plan indicates the trades were pre-scheduled and typically reduce the implication that the sale reflects new inside information. For retail investors, purchases by insiders can be more informative about conviction than routine sales, and this filing should be read as a liquidity event executed under a pre-existing plan. The apparent late filing (filed Apr 13 for an Apr 8 transaction) is worth noting, as timely reporting is required by SEC rules; late filings can occur but may draw attention from investors or regulators.