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

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
3
Accepted by SEC
09 Aug 2021, 20:36:58 UTC
Next SEC filing
25 Oct 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kevin Kane as Attorney-in-Fact for Githesh Ramamurthy

Key filing fact

Githesh Ramamurthy filed Form 3 for CCC Intelligent Solutions Holdings Inc. (CCCS) on 09 Aug 2021.

Key facts

  • This page summarizes Githesh Ramamurthy's Form 3 filing for CCC Intelligent Solutions Holdings Inc. (CCCS).
  • 0 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 09 Aug 2021, 20:36.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CCCS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,586,482
Date
30 Jul 2021
Ownership
Direct
Footnotes
F1
CCCS holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
13,628,362
Date
30 Jul 2021
Ownership
See footnote
Footnotes
F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CCCS holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,365,143
Exercise price
$2.50
Footnotes
F3, F4
CCCS holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,365,143
Exercise price
$2.50
Footnotes
F3, F5
CCCS holding Derivative

Stock Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
442,034
Exercise price
$8.58
Footnotes
F3, F5
CCCS holding Derivative

Earn-out Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date
30 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
Exercise price
$0.000000
Footnotes
F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote 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").

Footnote 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.

Footnote 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.

Footnote 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.

Footnote F5

The Options were fully vested upon grant.

Footnote 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.

SEC remarks

Chief Executive Officer and Chairman Exhibit 24 - Power of Attorney

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