Company: CWAN
Filing Date: 2025-03-07
Form Type: 10-K/A
Source: 0001628280-25-011307
Chunk: 40

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-07
Form: 10-K/A
Chunk 40
---
                                                                                                        |    212,500 |     |                                                                                                         |         — |
|                |     | Accelerated Vesting of equity awards |     |                                                                                                           |         — |         |                                                                                                        | 11,970,088 |     |                                                                                                         |   516,825 |
| Souvik Das     |     | Cash severance(6)                    |     |                                                                                                           |   110,000 |         |                                                                                                        |    110,000 |     |                                                                                                         |         — |
|                |     | Accelerated Vesting of equity awards |     |                                                                                                           |         — |         |                                                                                                        | 13,861,463 |     |                                                                                                         |   806,663 |
| Subi Sethi     |     | Cash severance(7)                    |     |                                                                                                           |    87,500 |         |                                                                                                        |     87,500 |     |                                                                                                         |         — |
|                |     | Accelerated Vesting of equity awards |     |                                                                                                           |         — |         |                                                                                                        | 13,386,455 |     |                                                                                                         | 1,170,327 |

(1) Amounts represent the vesting of all of the NEO's unvested options, granted under the 2017 Plan upon the change in control and the vesting of RSUs and PSUs pursuant to the 2021 Plan in the case of a termination without cause by the Company or for good reason by NEO in connection with a change in control.

(2) Amounts represent the vesting of all of the NEO's unvested options only in the case of a change in control without a termination of employment pursuant to an amendment to the acceleration terms of options then held by the NEOs at the time of our IPO to provide for accelerated vesting of any then unvested options outstanding at the time of the consummation of the IPO to the earlier of a “Change in Control” (as defined in the 2017 Equity Incentive Plan) or the date that WCAS and its affiliates own less than 5% of the common stock of the Company.

(3) Amounts represent a cash severance payment equal to Mr. Sahai's annual base salary and annual target bonus as of December 31, 2024.

(4) Amounts represent a cash severance payment equal to six months of Mr. Cox's annual base salary as of December 31, 2024.