Eileen Schloss - Jul 30, 2021 Form 3 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Role
Director
Signature
/s/ Kevin Kane, as Attorney-In-Fact for Eileen Schloss
Stock symbol
CCCS
Transactions as of
Jul 30, 2021
Transactions value $
$0
Form type
3
Date filed
8/9/2021, 08:16 PM
Previous filing
May 14, 2021
Next filing
Oct 25, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CCCS Stock Option (right to buy) Jul 30, 2021 Common Stock 85.1K $4.05 Direct F1, F2
holding CCCS Stock Option (right to buy) Jul 30, 2021 Common Stock 85.1K $4.05 Direct F1, F3
holding CCCS Earn-out Shares Jul 30, 2021 Common Stock $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person acquired the reported securities on July 30, 2021, in respect of common stock of Cypress Holdings, Inc., which CCC Intelligent Solutions Holdings Inc. (the "Issuer") acquired by merger on July 30, 2021 (the "Merger"). In connection with the Merger and pursuant to the business combination agreement, the reporting person received stock options of the Issuer ("Options") on July 30, 2021 in respect of stock options of Cypress Holdings, Inc. ("Cypress Options") which were (i) scheduled to service vest 20% annually on the each of the first through the fifth anniversaries of the vesting commencement date (the "Service Vesting Schedule") or (ii) subject to performance vesting, provided that all performance vesting conditions were deemed fully satisfied in connection with the Merger.
F2 The Options were granted subject to the Service Vesting Schedule based on a vesting commencement date of August 19, 2020 that applied with respect to the applicable Cypress Options.
F3 The Options were fully vested upon grant.
F4 Pursuant to the business combination agreement, the Reporting Person will receive, subject to satisfaction of specified service vesting requirements, shares of Common Stock of the Issuer at the earlier to occur of (a) the first date on which the last reported closing price of the Issuer's shares has been greater than or equal to $15.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any twenty (20) day trading days within any thirty (30) consecutive trading day period commencing after July 30, 2021 or (b) a change of control of the Issuer, in each case if such event occurs within ten (10) years after July 30, 2021.

Remarks:

Exhibit 24 - Power of Attorney