# EDGAR Filing Document

**Accession Number:** 0001866368
**File Stem:** 0001441361-25-000002
**Filing Date:** 2025-9
**Character Count:** 7383
**Document Hash:** 3d232788af72e5ef432fc08cf4c69595
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001441361-25-000002.hdr.sgml**: 20250917

**ACCESSION NUMBER**: 0001441361-25-000002

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250915

**FILED AS OF DATE**: 20250917

**DATE AS OF CHANGE**: 20250917

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Cox James S
- **CENTRAL INDEX KEY:** 0001441361

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40838
- **FILM NUMBER:** 251321501

**MAIL ADDRESS:**
- **STREET 1:** 600 TOWNSEND
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94103
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clearwater Analytics Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001866368
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 777 W. MAIN STREET, SUITE 900
- **CITY:** BOISE
- **STATE:** ID
- **ZIP:** 83702
- **BUSINESS PHONE:** 208-918-2400

**MAIL ADDRESS:**
- **STREET 1:** 777 W. MAIN STREET, SUITE 900
- **CITY:** BOISE
- **STATE:** ID
- **ZIP:** 83702

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[x] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Cox James S<br><sub>(Last) (First) (Middle)</sub><br>C/O CLEARWATER ANALYTICS<br>777 W. MAIN ST, STE 900<br><sub>(Street)</sub><br>BOISE, ID 83702<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-09-15 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Financial Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Clearwater Analytics Holdings, Inc. [ CWAN ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Class A Common Stock | 2025-09-15 |  | M |  | 12782 | A | $4.4 | 356746 | D |  |
| Class A Common Stock | 2025-09-15 |  | M |  | 3675 | A | $4.4 | 360421 | D |  |
| Class A Common Stock | 2025-09-15 |  | F |  | 7912<sup>(1)</sup> | D | $19.4792 | 352509 | D |  |
| Class A Common Stock | 2025-09-15 |  | F |  | 2270<sup>(1)</sup> | D | $19.71 | 350239 | D |  |
| Class A Common Stock | 2025-09-15 |  | S<sup>(2)</sup> |  | 1405 | D | $19.71 | 348834 | D |  |
| Class A Common Stock | 2025-09-15 |  | S<sup>(2)</sup> |  | 4870 | D | 19.4792<sup>(3)</sup> | 343964 | D |  |
| Class A Common Stock | 2025-09-15 |  | S<sup>(2)</sup> |  | 5000 | D | 19.4762<sup>(4)</sup> | 338964 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Option (Right to Buy) | $4.4 | 2025-09-15 |  | M |  | 3675 |  | 2020-11-02<sup>(5)</sup> | 2029-05-20 | Class A Common Stock | 3675 | $0 | 301313 | D |  |
| Stock Option (Right to Buy) | $4.4 | 2025-09-15 |  | M |  | 12782 |  | 2020-11-02<sup>(5)</sup> | 2029-05-20 | Class A Common Stock | 12782 | $0 | 288531 | D |  |

---

### Footnotes:

(1) The sale reported on this Form 4 includes shares withheld to cover tax withholding obligations in connection with the exercise and settlement of stock options.  The sale is mandated by the issuer and does not represent a discretionary transaction by the Reporting Person.

(2) The sale reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 11, 2024.

(3) This transaction was executed in multiple trades at prices ranging from $19.35 USD to $19.70 USD; the price reported reflects the weighted average sale price.

(4) This transaction was executed in multiple trades at prices ranging from $19.34 USD to $19.70 USD; the price reported reflects the weighted average sale price.

(5) Vests 297,000 shares on 02-Nov-2020, 180,000 shares on 21-Jan-2020, 105,750 shares on 05-Mar-2021, 105,750 shares on 01-Jan-2022, 105,750 shares on on 01-Jan-2023, 105,750 shares on 01-Jan-2024.

**Signature:** /a/ Alphonse Valbrune, as Attorney-in-Fact, for Jim Cox  
**Date:** 2025-09-17

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**