Erickson Scott Stanley, Chief Revenue Officer of Clearwater Analytics Holdings (CWAN), has been a consistent seller of the company’s stock, with no open-market purchases on record. Across 43 total filings, his transactions have generated approximately $27.1 million in sales while acquisitions—almost entirely compensatory grants and option exercises—totaled just $1.9 million. The most recent activity, clustered on June 25, 2026, shows a heavy disposition pattern: eleven “D” transactions (sales back to the issuer) ranging from roughly $450,000 to $4.6 million, totaling about $20.7 million, paired with two “A” grants valued at $1.5 million and $450,000. That same day, Stanley also reported a $3.8 million “D” transaction, bringing the single-day outflow to over $24 million.
Earlier in 2026, the selling bias was equally pronounced. On March 31, Stanley executed three open-market sales totaling roughly $447,000, following option exercises valued at zero—a mechanical step that typically precedes a sale. On February 18, he sold approximately $1.75 million across three “S” transactions, again after exercising options at no cost. The pattern is unambiguous: Stanley’s realized value has come almost entirely from selling CWAN shares, whether through open-market sales or issuer buybacks, with no “P” (purchase) codes anywhere in his filing history. The dollar figures are substantial for a single insider, and the concentration in one ticker underscores a steady monetization of equity compensation rather than any accumulation of additional exposure.
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