Clearwater Analytics Director Eric J. Lee Disposes of All Shares in $24.55 Per Share Merger

This Form 4 filing reports that Eric J. Lee, a director of Clearwater Analytics Holdings, Inc. (CWAN), disposed of all his equity holdings in connection with the company's merger. The transactions occurred on June 25, 2026, pursuant to the merger agreement dated December 20, 2025. Lee disposed of 531,457 shares of Class A Common Stock at $24.55 per share, receiving approximately $13.05 million in cash consideration. Additionally, he exchanged 220,137 CWAN Holdings LLC Interests for Class A Common Stock, which were then converted to cash in the merger. The filing also shows the cancellation of 220,137 shares of Class B Common Stock as part of the exchange process. Following these transactions, Lee no longer holds any shares in the company. The merger consideration of $24.55 per share represents the final cash payout to shareholders as the company goes private through this transaction.