Company: CWAN
Filing Date: 2025-03-31
Form Type: S-3ASR
Source: 0001193125-25-068794
Chunk: 2

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-31
Form: S-3ASR
Chunk 2
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writers, dealers and agents, or directly to purchasers, on a continuous or delayed basis. The Selling
Stockholder may offer and sell shares of our Class A common stock, in the same offering or in separate offerings, to or through one or more dealers and agents, or directly to purchasers, on a continuous or delayed basis. This prospectus
describes some of the general terms that may apply to these shares of Class A common stock. The specific terms of any shares to be offered will be described in one or more supplements to this prospectus.

Our Class A common stock is listed on the New York Stock Exchange (“NYSE”) under the symbol “CWAN.” The last reported
closing sale price of our Class A common stock on the NYSE was $26.53 per share on March 28, 2025.

Investing in our shares of Class A common stock involves a number of risks. You should read this prospectus and any applicable prospectus supplement before you invest. See “ Risk Factors” beginning on page 3 of this prospectus, in any applicable prospectus supplement and under similar headings in the other documents that are incorporated by reference into this prospectus, for a discussion of the factors you should carefully consider before deciding to purchase our Class A common stock.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission nor any other regulatory body has approved or disapproved of these securities or passed upon the accuracy or adequacy of this prospectus. Any representation to the contrary is a criminal offense.

The date of this prospectus is March 31, 2025.

TABLE OF CONTENTS

|                                                      |     | Page |     |
| ABOUT THIS PROSPECTUS                                |     |      |  ii |
| INCORPORATION OF CERTAIN INFORMATION BY REFERENCE    |     |      | iii |
| PROSPECTUS SUMMARY                                   |     |      |   1 |
| RISK FACTORS                                         |     |      |   3 |
| CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS |     |      |   4 |
| SELLING STOCKHOLDER                                  |     |      |   6 |
| USE OF PROCEEDS                                      |     |      |   7 |
| DESCRIPTION OF CAPITAL STOCK                         |     |      |   8 |
| PLAN OF DISTRIBUTION                                 |     |      |  15 |
| LEGAL MATTERS                                        |     |      |  17 |
| EXPERTS                                              |