Githesh Ramamurthy - Oct 21, 2021 Form 4 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Signature
/s/ Kevin Kane as Attorney-in-Fact for Githesh Ramamurthy
Stock symbol
CCCS
Transactions as of
Oct 21, 2021
Transactions value $
$0
Form type
4
Date filed
10/25/2021, 04:43 PM
Previous filing
Aug 9, 2021
Next filing
Aug 2, 2022

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
transaction CCCS Restricted Stock Unit Award $0 +2.4M $0.00 2.4M Oct 21, 2021 Common Stock 2.4M $0.00 Direct F1
transaction CCCS Performance Restricted Stock Unit Award $0 +4.8M $0.00 4.8M Oct 21, 2021 Common Stock 4.8M $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive, at the Issuer's discretion, (i) one share of Common Stock for each RSU, (ii) an amount of cash equal to the fair market value of such share of Common Stock on the date immediately preceding the date of settlement of the RSU, or (iii) a combination thereof. Twenty-five (25%) of the RSUs vest upon each of the first four anniversaries of July 30, 2021, generally subject to the Reporting Person's continued service to the Issuer through each such vesting and settlement date.
F2 The Reporting Person was granted Performance Restricted Stock Units ("PSUs") which represent a contingent right to receive, at the Issuer's discretion, (i) a distribution of a number of shares of the Issuer's Common Stock equal to 0% to 150% (or such greater percentage as is determined by the Board of Directors of the Issuer) of the PSUs, (ii) an amount of cash equal to the fair market value of such number of shares of the Issuer's Common Stock on the date immediately preceding the date of settlement of the PSUs, or (iii) a combination thereof, in all cases based on the total shareholder return realized by the Issuer's stockholders over the period August 2, 2021 through December 31, 2023 and generally subject to the Reporting Person's continued service to the Issuer through the Issuer's certification of the performance results.

Remarks:

Chief Executive Officer and Chairman