Company: CWAN
Filing Date: 2025-03-31
Form Type: S-3ASR
Source: 0001193125-25-068794
Chunk: 21

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-31
Form: S-3ASR
Chunk 21
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 removal of directors; |

| • |     | the provisions regarding stockholder action by written consent; |

| • |     | the provisions regarding calling special meetings of stockholders; |

| • |     | the provisions regarding filling vacancies on our board of directors and newly created directorships; |

| • |     | the provisions regarding competition and corporate opportunities; |

| • |     | the provisions regarding Section 203 of the DGCL; |

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| • |     | the provisions eliminating monetary damages for breaches of fiduciary duty by a director and governing forum 
 selection; and                                                                                               |

| • |     | the amendment provision requiring that the above provisions be amended only with a 66 2/3% supermajority vote. |

Section 203 of the Delaware General Corporation Law Section 203 of the DGCL provides that, subject to certain stated exceptions, a corporation may not engage in a business combination with any “interested stockholder” (as defined below) for a period of three years following the time that such stockholder became an interested stockholder, unless:

| • |     | prior to such time the board of directors of the corporation approved either the business combination or 
 transaction which resulted in the stockholder becoming an interested stockholder;                        |

| • |     | upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder, the                                                                                                                                           
 interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding shares owned by persons who are directors and also officers and employee stock plans in which participants 
 do not have the right to determine confidentially whether shares held subject to the plan will be tendered in a tender or exchange offer; or                                                                                                             |

| • |     | at or subsequent to such time, the business combination is approved by the board of directors and authorized at                                                                                
 an annual or special meeting of stockholders, and not by written consent, by the affirmative vote of 66 2/3% of the outstanding voting stock which is not owned by the interested stockholder. |

An “interested stockholder” is any person (other than the corporation and any direct or indirect majority-owned subsidiary) who owns 15% or more of the outstanding voting stock of the corporation or is an affiliate or associate of the corporation and was the owner of 15% or more of the outstanding voting stock of the corporation at any time within the three-year period immediately prior to the date of determination, and