Director Files Intent to Sell $5.0M in Shares, Second Filing Today
CWAN sits 54% above its 52-week low of $15.735.
Summary
A director of Clearwater Analytics Holdings, Inc. has filed a Form 144 to sell $5.0 million in shares, marking the second such filing from the same director today, totaling over $15.4 million in intended sales following a merger approval.
Key Events · Ownership and Investor Activity · CWAN
-
Director Files Intent to Sell Shares
Director D. Scott Mackesy filed a Form 144 to sell 206,103 shares of Class A Common Stock, valued at approximately $5.0 million.
-
Second Intent to Sell Filing Today
This is the second Form 144 filed by Director Mackesy on June 15, 2026, bringing his total intended sales for the day to 633,879 shares, valued at over $15.4 million.
-
Sale Follows Merger Approval
The intent to sell comes after stockholders approved an all-cash merger agreement with GT Silver BidCo on May 7, 2026.
-
Stock Trading Near 52-Week High
The proposed sale occurs while the company's stock is trading near its 52-week high, potentially indicating the director is taking profits.
Analysis · CWAN · Technology
Director D. Scott Mackesy has filed a Form 144 indicating an intent to sell $5.0 million worth of Class A Common Stock. This is the second Form 144 filed by Mackesy today, bringing his total intended sales for the day to over $15.4 million. The sales come after shareholders approved an all-cash merger agreement with GT Silver BidCo on May 7, 2026, and while the stock is trading near its 52-week high, suggesting the director is capitalizing on favorable market conditions and the impending merger.
At the time of this filing, CWAN was trading at $24.30 on NYSE in the Technology sector, with a market capitalization of approximately $7.2B. The 52-week trading range was $15.74 to $24.43. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.