Company: CWAN
Filing Date: 2025-03-20
Form Type: 424B3
Source: 0001193125-25-058975
Chunk: 15

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-03-20
Form: 424B3
Chunk 15
---
 are satisfied, we expect that the Transactions will close two business days after the Enfusion Stockholders vote to approve the Transactions at the Special Meeting. The Final Parent Stock Price will be determined on the second to last trading day prior to (but not including) the Closing Date of the Transactions. As a result, the Final Parent Stock Price, and the exact amount of Merger Consideration that each Enfusion Stockholder will receive as a result of their Merger Consideration election, will not be known until shortly after the Election Deadline. Do NOT submit any Stock Certificates (or evidence of shares in book-entry form) with your proxy card. For more details on the election procedures, see “The Transactions—Exchange of Shares; Elections as to Form of Consideration.”

| Q: | What do I do if I want to revoke my election? |

| A: | You may change or revoke your election at any time during the election period, by written notice to the                                                                                                                                            
 Exchange Agent prior to the Election Deadline or by withdrawal of your Enfusion Stock Certificates (or of the guarantee of delivery of such Stock Certificates), if applicable, previously deposited with the Exchange Agent prior to the Election 
 Deadline.                                                                                                                                                                                                                                          |

| Q: | May I transfer shares after I make the election? |

| A: | Enfusion Stockholders who have made elections will be unable to sell or otherwise transfer their shares after                                                                                                                                             
 making the election, unless the election is properly revoked before the Election Deadline or unless the Merger Agreement is terminated. Enfusion Stockholders who acquire shares after the Election Deadline will be unable to make an election for their 
 shares, and their shares will be treated as Non-Election Shares (as defined below).                                                                                                                                                                       |

| Q: | What happens if I do not make a valid Merger Consideration election? |

| A: | If you do not return a properly completed Election Form by the Election Deadline, your Eligible Shares will be                                                                                                                                         
 considered Non-Election Shares and will be converted into the right to receive the Per Share Stock Consideration or Per Share Cash Consideration according to the allocation procedures specified in the Merger Agreement. Generally, in the event one 
 form of Merger Consideration (i.e., cash or shares of Clearwater Common Stock) is undersubscribed, Non-Election Shares will be allocated the undersubscribed consideration.                                                                            |

4

| Q: | If I make a valid Merger Consideration election, could I receive a form of Merger Consideration that I