Company: CWAN
Filing Date: 2025-12-23
Form Type: DEFA14A
Source: 0000950157-25-001025
Chunk: 0

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-12-23
Form: DEFA14A
Chunk 0
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934 (Amendment No. )

| Filed by the Registrant  ☒ | Filed by a Party other than the Registrant  ☐ |

Check the appropriate box: ☐ Preliminary Proxy Statement ☐ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) ☐ Definitive Proxy Statement ☐ Definitive Additional Materials ☒ Soliciting Material under §240.14a-12 Clearwater Analytics Holdings, Inc. (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check all boxes that apply): ☒ No fee required ☐ Fee paid previously with preliminary materials ☐ Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

The following email was sent to employees of Clearwater Analytics Holdings, Inc. on December 21, 2025: Team - Thank you for taking the time to attend the town hall - I know it ran over meaningfully, but we wanted to answer as many questions as we could. Here is the FAQ I referred to during the Townhall. It contains details about some of the answers we provided. Please reach out to Cindy or her team, if you have any questions. Members of the ELT and I will try and get to as many offices as we can in January to do live Q&A sessions and answer any questions you may have. This is an exciting opportunity for us to emerge as an industry powerhouse, and I look forward to working with all you in the days and years ahead. Best, Sandeep Below is the attachment referred to in the email: Employee FAQ December 22, 2025 OVERVIEW

| 1. | What is being announced? |

| a. | Clearwater Analytics (CWAN) has entered into a definitive agreement to be acquired by a consortium of private equity investors, including Permira, Warburg Pincus, Francisco Partners, and Temasek, in a transaction that values the 
 company at approximately $8.4 billion.                                                                                                                                                                                               |

| b. | Under the terms of the agreement, CWAN stockholders will