Company: CWAN
Filing Date: 2025-12-23
Form Type: DEFA14A
Source: 0000950157-25-001025
Chunk: 4

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-12-23
Form: DEFA14A
Chunk 4
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 lead. Do not speculate. |

| 5. | What does “going private” actually mean? |

| a. | After closing, the company’s shares will no longer trade on the New York Stock Exchange. The company will also be exempt from SEC reporting requirements and other regulatory obligations that apply to publicly traded companies. |

| b. | Our focus remains the same—serving customers, executing our strategy, empowering our employees to make an impact and grow your careers and continuing to invest for the long term. But we will now be able to build and grow for the future 
 as a private company, without the short-term considerations of the public market.                                                                                                                                                           |

| 6. | Is the deal final today? |

| a. | No. We have announced a definitive agreement. The transaction is subject to customary closing conditions, including receipt of regulatory review and approvals and approval by our shareholders. Until the transaction closes, we will 
 continue operating as a public company with the same obligations that apply to publicly traded companies.                                                                                                                              |

| b. | We currently expect the deal to close in the first half of 2026, subject to customary closing conditions, including receipt of regulatory approvals and a vote of CWAN stockholders. |

| 7. | What happens if the deal does not close? |

| a. | We would then remain a public company. Whether we are public or private, you can expect business as usual—our teams, services, and commitments remain unchanged, and we’ll continue delivering against our roadmap. |

| 8. | Does our strategy change now? |

| a. | No—this is not a pivot away from what’s working. As Sandeep shared, we intend to accelerate the strategy we’ve been executing. Moving to private ownership may give us greater flexibility to take a longer-term orientation and make 
 sustained investments—advancing platform integration, accelerating product innovation (including Gen AI where it delivers real customer impact), and expanding our reach across public and private markets.                           |

| b. | Day-to-day, we will stay focused on delivering for customers and executing our operating plan. Any refinements to priorities will be communicated through updated scorecards and OKRs, annual planning, and leadership briefings. |

| 9. | What should I expect between now and the transaction close date? |

| a. | Until the deal is closed, we continue to operate as a publicly traded company. There should be no change to day-to-day operations or our focus on our clients