Company: CWAN
Filing Date: 2025-02-11
Form Type: S-4
Source: 0001193125-25-023759
Chunk: 445

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-02-11
Form: S-4
Chunk 445
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 PROSPECTUS

| Item 20. | Indemnification of Directors and Officers. |

Section 145 of the DGCL authorizes a corporation’s board of directors to grant, and authorizes a court to award, indemnity to officers, directors and other corporate agents. As permitted by Section 102(b)(7) of the DGCL, the Clearwater Charter includes provisions that eliminate the personal liability of Clearwater’s directors and officers for monetary damages for breach of their fiduciary duty as directors and officers, except for liability (i) for any breach of the director’s duty of loyalty to the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) for unlawful payments of dividends or unlawful stock repurchases, redemptions or other distributions or (iv) for any transaction from which the director derived an improper personal benefit. In addition, as permitted by Section 145 of the DGCL, the Clearwater Bylaws provide that:

| • |     | Clearwater shall indemnify its directors and officers for serving Clearwater in those capacities or for serving                                                                                                                                         
 other business enterprises at our request, to the fullest extent permitted by Delaware law. Delaware law provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be 
 in or not opposed to the best interests of Clearwater and, with respect to any criminal action or proceeding, had no reasonable cause to believe such person’s conduct was unlawful.                                                                    |

| • |     | Clearwater may, in its discretion, indemnify employees and agents in those circumstances where indemnification is 
 permitted by applicable law.                                                                                      |

| • |     | Clearwater is required to advance expenses, as incurred, to its directors and officers in connection with                                                                               
 defending a proceeding, except that such director or officer shall undertake to repay such advances if it is ultimately determined that such person is not entitled to indemnification. |

| • |     | Clearwater is not obligated pursuant to the Clearwater Bylaws to indemnify a person with respect to proceedings                                   
 initiated by that person, except with respect to proceedings authorized by the Clearwater Board or brought to enforce a right to indemnification. |

| • |     | The rights conferred in the Clearwater Bylaws are not exclusive, and Clearwater is authorized to enter into                      
 indemnification agreements with its directors, officers, employees and agents and to obtain