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

Role
Chief Executive Officer and Chairman Exhibit 24 - Power of Attorney, Director
Signature
/s/ Kevin Kane as Attorney-in-Fact for Githesh Ramamurthy
Stock symbol
CCCS
Transactions as of
Jul 30, 2021
Transactions value $
$0
Form type
3
Date filed
8/9/2021, 08:36 PM
Next filing
Oct 25, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CCCS Common Stock 2.59M Jul 30, 2021 Direct F1
holding CCCS Common Stock 13.6M Jul 30, 2021 See footnote F1, F2

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 9.37M $2.50 Direct F3, F4
holding CCCS Stock Option (right to buy) Jul 30, 2021 Common Stock 9.37M $2.50 Direct F3, F5
holding CCCS Stock Option (right to buy) Jul 30, 2021 Common Stock 442K $8.58 Direct F3, F5
holding CCCS Earn-out Shares Jul 30, 2021 Common Stock $0.00 Direct F6
* 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").
F2 The reported securities are indirectly held by the reporting person through Higginson Enterprises, LLC, provided that the reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 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.
F4 The Options were granted subject to the Service Vesting Schedule based on a vesting commencement date of April 27, 2017 that applied with respect to the applicable Cypress Options.
F5 The Options were fully vested upon grant.
F6 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:

Chief Executive Officer and Chairman Exhibit 24 - Power of Attorney