Company: CWAN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001866368-25-000031
Chunk: 95

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 95
---
 Class D common stock outstanding - diluted231,467,21452,764,846227,768,43367,322,871Diluted net earnings per share attributable to Class A and Class D common stockholders$0.02 $0.02 $0.02 $0.02 The computation of diluted net earnings per share for the three and nine months ended September 30, 2025 are not separately presented as the Company was in a net loss position in such periods. Shares of the Company's Class B and Class C common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B and Class C common stock under the two-class method has not been presented.The following weighted-average potentially dilutive securities were evaluated under the treasury stock method for potentially dilutive effects and have been excluded from diluted net earnings per share due to their anti-dilutive effect:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Conversion of Class B and Class C common stock4,506,42227,498,0129,224,465 27,522,899 Stock options of Clearwater Analytics Holdings, Inc.4,326,3705,2504,822,88496,628RSUs of Clearwater Analytics Holdings, Inc.4,938,764—3,059,302377,770Employee stock purchase plans28,059—35,543—Total13,799,61527,503,26217,142,19427,997,297

24

Note 12. Stockholders’ Equity

In September 2021, the Board of Directors of the Company (the “Board”) adopted the Clearwater Analytics Holdings, Inc. 2021 Omnibus Incentive Plan (the “2021 Plan”), pursuant to which employees, consultants and directors of our Company and our affiliates performing services for us, including our executive officers, are eligible to receive awards. The 2021 Plan provides for the grant of stock options, stock appreciation rights, restricted stock, restricted stock units (“RSUs”), bonus stock, dividend equivalents, other stock-based awards, substitute awards, annual incentive awards and performance awards intended to align the interests of participants with those of our shareholders. A total of 69,200,278 shares of common stock are authorized for issuance under the 2021 Plan. In connection with the approval of the