secwatch.observer — SEC 8-K summary
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Issuer:     Clearwater Analytics Holdings, Inc. (CWAN)
CIK:        0001866368
Form:       8-K
Filed at:   2025-06-16T23:59:59+00:00
Accession:  0001193125-25-141408
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1866368/000119312525141408/0001193125-25-141408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1866368/000119312525141408/d48755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-141408

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