Company: CWAN
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001628280-25-020660
Chunk: 57

Company: Clearwater Analytics Holdings, Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 57
---
 Term Incentives—PSUs."

(3) The amounts in this column reflect the RSUs granted to the NEOs under the 2021 Plan during fiscal year 2024. These RSUs vest 25% per year over four years, subject to continued employment with us.

(4) The amounts reported in this column for RSUs reflect the aggregate grant date fair value of RSUs computed in accordance with FASB ASC Topic 718, excluding the effect of estimated forfeitures. The amounts in this column for PSUs were calculated based on the probable outcome of the performance condition as of the grant date, consistent with the estimate of aggregate compensation cost to be recognized over the service period determined as of the grant date under FASB ASC Topic 718, excluding the effect of estimated forfeitures. For the values of the PSU awards, the amount reflected in the table represents the number of shares payable determined based on achievement at 100%. The actual value, if any, that each NEO will realize for these PSUs is a function of the value of the shares if and when the awards vest.

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Narrative Disclosure to Summary Compensation Table and Grants of Plan-Based Awards Table

See "— Compensation Discussion and Analysis —COMPENSATION PROGRAM COMPONENTS" and "—EXECUTIVE COMPENSATION TABLES—Potential Payments Upon Termination or Change in Control" for disclosure relevant to the Summary Compensation Table and Grants of Plan-Based Awards Table.

#### Outstanding Equity Awards at 2024 Fiscal Year End
The following table summarizes the outstanding equity awards held by our named executive officers as of December 31, 2024, using the closing stock price on such date of $27.52.

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|                |     | Option Awards |     |             |           |     |                       |         |     |           |       |     |            |   |            |     | Stock Awards |         |     |            |            |     |                   |         |     |              |           |
| Name           |     | Grant Date    |     | Number of   
 securities  
 underlying  
 unexercised 
 options (#) 
 exercisable |           |     | Number of             
 securities            
 underlying            
 unexercised           
 options (#)           
 unexcercisable(1) (5) |         |     | Option    
 exercise  
 price ($) |       |     | Option     
 expiration 
 date       |   |            |     | Number of    
 shares