Company: CWAN
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001193125-25-141408
Chunk: 1

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 3.03
Chunk 1
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 shares of capital stock has been reduced by the number of retired shares of Class C Common Stock and Class D Common Stock (the “ Certificate of Retirement”).

The Conversion had the following effects, among others:

Voting Power. Prior to the Conversion, holders of shares of Class C Common Stock and Class D Common Stock were entitled to cast ten votes per share on any matter submitted to a vote of the Company’s stockholders. As a result of the Conversion, all former holders of shares of Class C Common Stock and Class D Common Stock are now holders of an equal number of shares of Class B Common Stock and Class A Common Stock, respectively, which are entitled to cast only one vote per share on all matters subject to a stockholder vote. In addition, the provisions of the Certificate of Incorporation and the DGCL that entitled the holders of shares of Class C Common Stock and/or Class D Common Stock, on the one hand, and the holders of shares of Class B Common Stock and/or Class A Common Stock, on the other, in certain circumstances, to separate class voting rights, are no longer applicable as a result of the Conversion (but the provisions of the Certificate of Incorporation and the DGCL that entitle the holders of shares of Class A Common Stock and Class B Common Stock, in certain circumstances, to separate class voting rights, are unaffected by the Conversion).

Economic Interests. Because holders of shares of Class A Common Stock and Class B Common Stock are entitled to the same economic interests to which former holders of shares of Class D Common Stock and Class C Common Stock, respectively, were entitled before the Conversion, including with regard to dividends and distributions, liquidation rights and treatment in connection with a change of control or merger transaction, the Conversion had no impact on the economic interests of former holders of shares of Class C Common Stock and Class D Common Stock.

Capitalization. The Conversion had no impact on the total number of the Company’s outstanding shares of capital stock, as the shares of Class C Common Stock and Class D Common Stock converted into an equivalent number of shares of Class B Common Stock and Class A Common Stock, respectively. Pursuant to Section 243 of the DGCL, the filing of the Certificate of Retirement had the effect of amending the Certificate of Incorporation such that, upon the effectiveness of the Certificate of Retirement, the Company’s total number of authorized shares of capital stock was reduced by the number of the retired shares of Class C Common Stock and Class D Common Stock.

2021 Omnibus Incentive Plan.