Company: CWAN
Filing Date: 2025-03-31
Form Type: S-3ASR
Source: 0001193125-25-068794
Chunk: 23

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-31
Form: S-3ASR
Chunk 23
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415(a)(4) of the Securities Act of 1933, as                          
 amended (the “Securities Act”), to or through a market maker or into an existing trading market, on an exchange or otherwise; |

| • |     | broker-dealers may agree with us or the Selling Stockholder to sell a specified number of such shares at a 
 stipulated price per share; and                                                                            |

| • |     | a combination of any such methods of sale. |

To the extent required, a prospectus supplement relating to a particular offering of our Class A common stock may include the following information:

| • |     | the terms of the offering; |

| • |     | the names of any underwriters or agents; |

| • |     | the purchase price of our Class A common stock; |

| • |     | any net proceeds to us from the sale of our Class A common stock; |

| • |     | any delayed delivery arrangements; |

| • |     | any underwriting discounts and other items constituting underwriters’ compensation; |

| • |     | any public offering price; |

| • |     | any discounts or concessions allowed or paid to dealers; and |

| • |     | any option under which underwriters may purchase additional shares of our Class A common stock from us or 
 any Selling Stockholder.                                                                                  |

The distribution of our Class A common stock may be effected from time to time in one or more transactions at a fixed price or prices, which may be changed, at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices in block trades, or in underwritten offerings or in other types of trades. 15

Underwriting Compensation

We may offer our Class A common stock to the public through underwriting syndicates represented by a managing underwriter or managing
underwriters or through an underwriter or underwriters without an underwriting syndicate. If underwriters are used for the sale of our Class A common stock, our Class A common stock will be acquired by the underwriters for their own
account. The underwriters may resell our Class A common stock in one or more transactions, including in negotiated transactions at a fixed public offering price or at varying prices determined at the time of sale. In connection with any such
underwritten sale of our Class A common stock, underwriters may receive compensation from us or from purchasers for whom they may act as agents, in the form of discounts, concessions or commissions. Underwriters