Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* Sethi Subi	2. Issuer Name and Ticker or Trading Symbol Clearwater Analytics Holdings, Inc. [ CWAN ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Client Officer
(Last) (First) (Middle) C/O CLEARWATER ANALYTICS HOLDINGS, INC., 777 W. MAIN STREET, SUITE 900	3. Date of Earliest Transaction (MM/DD/YYYY) 11/23/2022
(Street) BOISE, ID 83702 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/23/2022		M		5397.00	A	$4.40	5397.00	D
Class A Common Stock	11/23/2022		S		5397.00	D	$18.174 ⁽¹⁾	0.00	D
Class A Common Stock	11/25/2022		M		3991.00	A	$4.40	3991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	7991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	11991.00	D
Class A Common Stock	11/25/2022		M		4500.00	A	$4.40	16491.00	D
Class A Common Stock	11/25/2022		M		1500.00	A	$4.40	17991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	21991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	25991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	29991.00	D
Class A Common Stock	11/25/2022		M		4000.00	A	$4.40	33991.00	D
Class A Common Stock	11/25/2022		M		3999.00	A	$4.40	37990.00	D
Class A Common Stock	11/25/2022		M		3000.00	A	$4.40	40990.00	D
Class A Common Stock	11/25/2022		M		3001.00	A	$4.40	43991.00	D
Class A Common Stock	11/25/2022		M		200.00	A	$4.40	44191.00	D
Class A Common Stock	11/25/2022		S		3000.00	D	$18.2433 ⁽²⁾	41191.00	D
Class A Common Stock	11/25/2022		S		4500.00	D	$18.1115 ⁽³⁾	36691.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.1524 ⁽⁴⁾	32691.00	D
Class A Common Stock	11/25/2022		S		3999.00	D	$18.25	28692.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.1298 ⁽⁵⁾	24692.00	D
Class A Common Stock	11/25/2022		S		3991.00	D	$18.0758 ⁽⁶⁾	20701.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.169 ⁽⁷⁾	16701.00	D
Class A Common Stock	11/25/2022		S		3001.00	D	$18.1872 ⁽⁸⁾	13700.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.211 ⁽⁹⁾	9700.00	D
Class A Common Stock	11/25/2022		S		1500.00	D	$18.1277 ⁽¹⁰⁾	8200.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.012 ⁽¹¹⁾	4200.00	D
Class A Common Stock	11/25/2022		S		4000.00	D	$18.0928 ⁽¹²⁾	200.00	D
Class A Common Stock	11/25/2022		S		200.00	D	$18.225 ⁽¹³⁾	0.00	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option (Right to Buy)	$4.40	11/23/2022		M			5397.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	5397.00	$0.00	94241.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			3001.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	3001.00	$0.00	91240.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	87240.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4500.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4500.00	$0.00	82740.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			3000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	3000.00	$0.00	79740.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	75740.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			3991.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	3991.00	$0.00	71749.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	67749.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			3999.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	3999.00	$0.00	63750.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	59750.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	55750.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			4000.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	4000.00	$0.00	51750.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			1500.00	⁽¹⁴⁾	1/2/2030	Class A Common Stock	1500.00	$0.00	50250.00	D
Stock Option (Right to Buy)	$4.40	11/25/2022		M			200.00	⁽¹⁵⁾	1/2/2030	Class A Common Stock	200.00	$0.00	149556.00	D

Explanation of Responses:
(1)	This transaction was executed in multiple trades at prices ranging from $18.105 USD to $18.37 USD; the price reported above reflects the weighted average sale price.
(2)	This transaction was executed in multiple trades at prices ranging from $18.1915 USD to $18.30 USD; the price reported above reflects the weighted average sale price.
(3)	This transaction was executed in multiple trades at prices ranging from $18.08 USD to $18.145 USD; the price reported above reflects the weighted average sale price.
(4)	This transaction was executed in multiple trades at prices ranging from $18.13 USD to $18.16 USD; the price reported above reflects the weighted average sale price.
(5)	This transaction was executed in multiple trades at prices ranging from $18.10 USD to $18.1453 USD; the price reported above reflects the weighted average sale price.
(6)	This transaction was executed in multiple trades at prices ranging from $18.05 USD to $18.0952 USD; the price reported above reflects the weighted average sale price.
(7)	This transaction was executed in multiple trades at prices ranging from $18.16 USD to $18.20 USD; the price reported above reflects the weighted average sale price.
(8)	This transaction was executed in multiple trades at prices ranging from $18.10 USD to $18.30 USD; the price reported above reflects the weighted average sale price.
(9)	This transaction was executed in multiple trades at prices ranging from $18.20 USD to $18.23 USD; the price reported above reflects the weighted average sale price.
(10)	This transaction was executed in multiple trades at prices ranging from $18.12 USD to $18.16 USD; the price reported above reflects the weighted average sale price.
(11)	This transaction was executed in multiple trades at prices ranging from $18.0118 USD to $18.07 USD; the price reported above reflects the weighted average sale price.
(12)	This transaction was executed in multiple trades at prices ranging from $18.085 USD to $18.13 USD; the price reported above reflects the weighted average sale price.
(13)	This transaction was executed in multiple trades at prices ranging from $18.22 USD to $18.23 USD; the price reported above reflects the weighted average sale price.
(14)	Vests 41,251 share(s) on 02-Nov-2020, 16,750 share(s) on 02-Jan-2021, 16,750 share(s) on 02-Jan-2022, 16,750 share(s) on 02-Jan-2023, 16,750 share(s) on 02-Jan-2024, 16,750 share(s) on 02-Jan-2025
(15)	Vests 61,875 share(s) on 02-Nov-2020, 25,125 share(s) on 05-Mar-2021, 25,125 share(s) on 01-Jan-2022, 25,125 share(s) on 01-Jan-2023, 25,125 share(s) on 01-Jan-2024, 25,125 share(s) on 01-Jan-2025

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Sethi Subi C/O CLEARWATER ANALYTICS HOLDINGS, INC. 777 W. MAIN STREET, SUITE 900 BOISE, ID 83702			Chief Client Officer

Signatures
/s/ Alphonse Valbrune, as Attorney-in-Fact, for Subi Sethi		11/25/2022
^**Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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