# EDGAR Filing Document

**Accession Number:** 0001879927
**File Stem:** 0001193125-26-283300
**Filing Date:** 2026-6
**Character Count:** 9751
**Document Hash:** 27bb78cebf4b4e24ad15692af8ddc72b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-283300.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0001193125-26-283300

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260625

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Sahai Sandeep
- **CENTRAL INDEX KEY:** 0001879927

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40838
- **FILM NUMBER:** 261123569

**MAIL ADDRESS:**
- **STREET 1:** C/O CLEARWATER ANALYTICS HOLDINGS, INC.
- **STREET 2:** 777 W. MAIN STREET, SUITE 900
- **CITY:** BOISE
- **STATE:** ID
- **ZIP:** 83702
**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

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

[ ] 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>Sahai Sandeep<br><sub>(Last) (First) (Middle)</sub><br>C/O CLEARWATER ANALYTICS HOLDINGS, INC.<br>777 W. MAIN STREET, SUITE 900<br><sub>(Street)</sub><br>BOISE, ID 83702<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2026-06-25 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_See Remarks_ |
| **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 | 2026-06-25 |  | D |  | 1416794<sup>(1)</sup> | D | 24.55<sup>(2)</sup> | 0 | 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 |
| Performance Stock Units | $0 | 2026-06-25 |  | A |  | 73559 |  | <sup>(3)</sup> | 2034-02-28 | Class A Common Stock | 73559 | 24.55<sup>(4)</sup> | 73559 | D |  |
| Performance Stock Units | $0 | 2026-06-25 |  | A |  | 258024 |  | <sup>(3)</sup> | 2035-02-13 | Class A Common Stock | 258024 | 24.55<sup>(4)</sup> | 258024 | D |  |
| Performance Stock Units | $0 | 2026-06-25 |  | D |  |  | 73559 | <sup>(3)</sup> | 2034-02-28 | Class A Common Stock | 73559 | 24.55<sup>(4)</sup> | 0 | D |  |
| Performance Stock Units | $0 | 2026-06-25 |  | D |  |  | 258024 | <sup>(3)</sup> | 2035-02-13 | Class A Common Stock | 258024 | 24.55<sup>(4)</sup> | 0 | D |  |
| Restricted Stock Units | $0 | 2026-06-25 |  | D |  |  | 201458 | <sup>(5)</sup> | 2033-01-01 | Class A Common Stock | 201458 | 24.55<sup>(4)</sup> | 0 | D |  |
| Restricted Stock Units | $0 | 2026-06-25 |  | D |  |  | 87769 | <sup>(6)</sup> | 2034-02-28 | Class A Common Stock | 87769 | 24.55<sup>(4)</sup> | 0 | D |  |
| Restricted Stock Units | $0 | 2026-06-25 |  | D |  |  | 241898 | <sup>(7)</sup> | 2035-02-13 | Class A Common Stock | 241898 | 24.55<sup>(4)</sup> | 0 | D |  |
| Restricted Stock Units | $0 | 2026-06-25 |  | D |  |  | 531423 | <sup>(6)</sup> | 2036-02-11 | Class A Common Stock | 531423 | 24.55<sup>(4)</sup> | 0 | D |  |
| Stock Options (right to buy) | $4.40 | 2026-06-25 |  | D |  |  | 746651 | <sup>(8)</sup> | 2028-11-29 | Class A Common Stock | 746651 | 20.15<sup>(4)</sup> | 0 | D |  |
| Stock Options (right to buy) | $4.40 | 2026-06-25 |  | D |  |  | 671177 | <sup>(8)</sup> | 2030-01-01 | Class A Common Stock | 671177 | 20.15<sup>(4)</sup> | 0 | D |  |
| Stock Options (right to buy) | $12.40 | 2026-06-25 |  | D |  |  | 46215 | <sup>(8)</sup> | 2031-03-07 | Class A Common Stock | 46215 | 12.15<sup>(4)</sup> | 1303785 | D |  |

---

### Footnotes:

(1) The reported securities include 1,175 shares purchased on May 29, 2026, pursuant to the Issuer's Employee Stock Purchase Plan.

(2) The reported securities were disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 20, 2025, by and among the Issuer, GT Silver BidCo, Inc. ("Parent") and GT Silver Merger Sub, Inc., a wholly-owned subsidiary of Parent. Under the terms of the Merger Agreement, each share of the Issuer's Class A Common Stock ("Common Stock") issued and outstanding immediately prior to the effective time of the Merger (the "Effective Time") was converted into the right to receive an amount in cash equal to $24.55 per share, without interest (the "Merger Consideration").

(3) The reported Performance Stock Units ("PSUs") had their performance conditions deemed achieved at 110% of target pursuant to the terms of the Merger Agreement, but remain subject to any time-vesting conditions.

(4) At the Effective Time, all outstanding options to purchase shares of Common Stock ("Options") and Restricted Stock Units ("RSUs") held by non-employee directors were canceled in exchange for a cash payment equal to the Merger Consideration multiplied by the number of shares of Common Stock subject to the award, less the aggregate exercise price in the case of any Options. In the case of PSUs and RSUs not held by non-employee directors, the awards were also canceled in exchange for a cash payment, calculated in the same manner as for RSUs held by non-employee directors, but the resulting cash payment will be subject to the time-vesting terms and conditions that applied to the underlying award immediately prior to the Effective Time. At the Effective Time, a portion of the reported Options became options to purchase shares of an affiliate of Parent.

(5) The reported RSUs were scheduled to vest on January 1, 2027.

(6) The reported RSUs were scheduled to vest in equal installments at the end of each 3-month period following June 30, 2026 and until December 31, 2027.

(7) The reported RSUs were scheduled to vest in equal installments at the end of each 3-month period following June 30, 2026 and until December 31, 2028.

(8) The reported Options were all fully vested.

**Remarks:**
Director and Chief Executive Officer

**Signature:** /s/ Alphonse Valbrune, as Attorney-in-Fact, for Sandeep Sahai  
**Date:** 2026-06-25

### 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.**