---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-141408"
form_type: "8-K"
ticker: "CWAN"
cik: "0001866368"
company_name: "Clearwater Analytics Holdings, Inc."
filed_at: "2025-06-16T23:59:59+00:00"
generated_at: "2026-05-19T06:58:33.198621+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Clearwater Analytics eliminates all super-voting shares after WCAS stake drops below 5%

## Summary
- All outstanding super-voting Class C and Class D shares (10 votes each) auto-converted to single-vote Class B and Class A shares on June 12, 2025.
- Conversion triggered by WCAS selling ~14.1M shares, reducing ownership to ~1.7%; Permira and Warburg Pincus had already exited super-voting positions.
- Total outstanding shares unchanged; economic interests for former super-voting holders remain identical.
- Certificate of Retirement filed to reduce authorized capital; Class A common stock continues trading as CWAN with same CUSIP.

## SEC filing metadata
- accession: 0001193125-25-141408
- form_type: 8-K
- ticker: CWAN
- cik: 0001866368
- company_name: Clearwater Analytics Holdings, Inc.
- filed_at: 2025-06-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1866368/000119312525141408/0001193125-25-141408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1866368/000119312525141408/d48755d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-141408
- JSON: https://secwatch.observer/filing/0001193125-25-141408.json
- Plain text: https://secwatch.observer/filing/0001193125-25-141408.txt

## Key facts
- Governance Changes
  Clearwater Analytics Holdings, Inc.: Filed a Certificate of Retirement to retire converted Class C and Class D common stock and reduce authorized shares (effective 2025-06-12).
  - Change: charter amendment
  - Effective: 2025-06-12
  source text: the Company filed the Certificate of Retirement with the Secretary of State of the State of Delaware to effect the retirement of the shares of Class C Common Stock and Class D Common Stock that were issued but not outstanding following the Conversion and to accordingly reduce the Company's total number of authorized shares of capital stock by the number of retired shares of Class C Common Stock and Class D Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1866368/000119312525141408/0001193125-25-141408-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.