---
title: Five Clearwater Analytics Insiders Sell $13.3M in CWAN — All at Exactly $23.44 Per Share
type: news
slug: clearwater-analytics-5-insiders-sell-13m-cwan-same-day-same-price-feb-2026
canonical_url: https://13finsight.com/news/clearwater-analytics-5-insiders-sell-13m-cwan-same-day-same-price-feb-2026
published_at: 2026-02-28T20:19:30.701Z
updated_at: 2026-02-28T20:19:32.073Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 447
locale: en
source: 13F Insight
---

# Five Clearwater Analytics Insiders Sell $13.3M in CWAN — All at Exactly $23.44 Per Share

> Five Clearwater Analytics executives including CEO Sahai ($5.5M), CFO Cox ($2.2M), and CTO Das ($2.1M) sold a combined $13.3M in CWAN stock on Feb 18, all at an identical $23.44 per share.

Five Clearwater Analytics executives — spanning CEO, CFO, CTO, CRO, and Chief Client Officer — sold a combined $13.31 million in CWAN stock on February 18, 2026. Every single transaction executed at an identical price of $23.44 per share, confirming this was a coordinated block disposition. Same Day, Same Price, Five Sellers Insider Title Transactions Value Shares After Career Sales Sandeep Sahai Chief Executive Officer 3 $5.48M 1,357,138 $29.6M James Cox Chief Financial Officer 3 $2.20M 474,114 $18.2M Souvik Das Chief Technology Officer 3 $2.08M 207,132 $6.5M Subi Sethi Chief Client Officer 3 $1.80M 365,490 $5.8M Scott Erickson Chief Revenue Officer 3 $1.75M 138,630 $13.3M Total: 5 insiders, 15 transactions $13.31M Why $23.44? When five different executives sell at exactly the same price, there's only one explanation: a pre-arranged block trade. The company likely worked with a broker to execute all five dispositions as a single coordinated event, which explains the identical per-share pricing across all 15 transactions. This approach is common for mid-cap companies where individual insider sales might otherwise move the stock. By aggregating five sellers into one block, the company minimizes market impact. CEO Sahai Leads with $5.48M Sandeep Sahai sold 233,851 shares across 3 transactions — the largest block by dollar value. His $29.6M in career sales versus 1.36 million shares retained (~$31.8M at current prices) shows he's sold roughly as much as he currently holds. CFO James Cox follows at $2.20M, with $18.2M in career sales. His retained 474,114 shares (~$11.1M) means he's sold more than he currently owns — a pattern that favors monetization over accumulation. The Full C-Suite Participated What makes this event notable isn't any single sale — it's the 100% C-suite participation rate: CEO — sold $5.48M (41% of total) CFO — sold $2.20M (17%) CTO — sold $2.08M (16%) CCO — sold $1.80M (14%) CRO — sold $1.75M (13%) When every revenue-facing and technology executive sells on the same day at the same price, it represents a collective assessment of the stock's value — even if the mechanism is administrative. Career Selling Context Combined, these five executives have sold $73.4 million in CWAN stock over their careers. Clearwater Analytics, which provides cloud-based investment management software, has a market cap of approximately $6 billion. The insider selling represents a small fraction of the company, but the unanimity is the signal here — not the size. For CWAN investors, the coordinated block trade format makes this less alarming than five independent market sales would be. But the all-hands nature of the selling — CEO, CFO, CTO, CCO, and CRO simultaneously — means the entire operational leadership team chose this price level as one worth taking money off the table.

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Source: 13F Insight — https://13finsight.com/news/clearwater-analytics-5-insiders-sell-13m-cwan-same-day-same-price-feb-2026
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-02-28T20:19:32.073Z