Company: CWAN
Filing Date: 2025-06-16
Form Type: 8-K
Source: 0001193125-25-141408
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Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-06-16
Form: 8-K
Item: Item 3.03
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Item 3.03.      Material Modification to Rights of Security Holders.  

On June 12, 2025, each outstanding share of Class C Common Stock, par value $0.001 per share (the “ Class C Common Stock”) and each outstanding share of Class D Common Stock, par value $0.001 per share (the “ Class D Common Stock”), of Clearwater Analytics Holdings, Inc. (the “ Company”), automatically converted (the “ Conversion”) into one share of the Company’s Class B Common Stock, par value $0.001 per share (the “ Class B Common Stock”) and one share of the Company’s Class A Common Stock, par value $0.001 per share (the “ Class A Common Stock” and collectively with the Class B Common Stock, the Class C Common Stock and the Class D Common Stock, the “ Common Stock”), respectively, pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation (the “ Certificate of Incorporation”). The Company does not intend to issue any additional shares of Class C Common Stock or Class D Common Stock following the Conversion.

The Conversion occurred pursuant to Article IV, Section 4.8 of the Certificate of Incorporation, which provides that each outstanding share of Class C Common Stock and each outstanding share of Class D Common Stock will convert automatically, without any further action, into one share of Class B Common Stock and one share of Class A Common Stock, respectively, on the date that the WCAS Investors and their respective Affiliates (each as defined in the Certificate of Incorporation) own less than 5% of the Common Stock.

Pursuant to Article IV, Section 4.8 of the Certificate of Incorporation, shares of Class C Common Stock and Class D Common Stock that are converted into shares of Class B Common Stock and Class A Common Stock, respectively, will be retired and shall not be available for reissuance. In accordance with Article IV, Section 4.8 of the Certificate of Incorporation and Section 243 of the Delaware General Corporation Law (the “ DGCL”), on June 12, 2025, the Company filed a Certificate of Retirement with the Secretary of State of the State of Delaware, which has the effect of retiring all of the shares of Class C Common Stock and Class D Common Stock that were issued but not outstanding following the Conversion and amending the Certificate of Incorporation such that, upon the effectiveness of the Certificate of Retirement, the Company’s total number of authorized