Clearwater Analytics Holdings (CWAN) Prices 10M Share Secondary Offering at $16.05/sh

Clearwater Analytics Holdings, Inc. (NYSE: CWAN) today announced the pricing of its underwritten secondary public offering of its Class A common stock priced at a price to the public of $16.05 per share. The offering consists of 10,000,000 shares of Class A common stock to be sold by certain affiliates of Welsh, Carson, Anderson & Stowe (collectively, the "Selling Stockholders"). The Company will not receive any proceeds from the sale of the Company's Class A common stock by the Selling Stockholders. The Company's Class A common stock is listed on the New York Stock Exchange under the ticker symbol "CWAN." The offering is expected to close on June 20, 2023, subject to customary closing conditions.

Goldman Sachs & Co. LLC is acting as the underwriter and sole book-running manager for the offering.

The shares of Class A common stock in this offering are being offered pursuant to an automatically effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC") on March 8, 2023. A prospectus relating to and describing the terms of the proposed offering will be filed with the SEC and may be obtained from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by email at [email protected]; or by accessing the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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