Company: CWAN
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020660
Chunk: 71

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 71
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 or January 1, 2025.

(5) The number of shares remaining available under the 2021 ESPP will be increased on the first day of each calendar year beginning in the 2022 fiscal year and ending in and including the 2031 fiscal year, by an amount equal to the lessor of (i) 1.0% of the shares outstanding on the final day of the immediately preceding calendar year and (ii) such smaller number of shares as identified by the Committee. In each of 2023 and 2024, the Committee determined that there were sufficient shares remaining available under the 2021 ESPP and hence the number of shares available did not increase on either of January 1, 2024 or January 1, 2025.

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### SECURITY

### OWNERSHIP

### OF

### CERTAIN

### BENEFICIAL

### OWNERS

### AND

### MANAGEMENT
The following table sets forth certain information regarding the beneficial ownership of our Class A common stock and Class D common stock as of April 25, 2025 with respect to:

• each person known by us to beneficially own 5% of any class of our outstanding shares;

• each member of and nominee to our Board and each named executive officer; and

• the members of our Board and our executive officers as a group.

The percentage of beneficial ownership of shares of our Class A common stock, our Class C common stock and Class D common stock is based on 254,584,339 shares of Class A common stock, 16,155,059 shares of Class D common stock and 12,542,110 LLC Interests (together with the corresponding shares of Class C common stock), in each case outstanding as of April 25, 2025. The shares of Class C common stock have no economic rights, but each share entitles the holder to ten votes on all matters on which stockholders of the Company are entitled to vote generally (dropping to one vote upon the automatic conversion of the shares of Class C common stock to Class B common stock (each having no economic rights) upon the earlier of Welsh Carson owning less than 5% of the common stock or seven years from the IPO). The shares of Class D common stock have the same economic rights as shares of Class A common stock, but each share entitles the holder to ten votes on all matters on which stockholders of the Company are entitled to vote generally (dropping