Brian Herb - Mar 23, 2022 Form 4 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Role: Executive Vice President, Chief Financial and Administrative Officer
Signature: /s/ Kevin Kane as Attorney-in-Fact for Brian Herb
Stock symbol: CCCS
Transactions as of: Mar 23, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/25/2022, 04:10 PM
Previous filing: Oct 25, 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	Performance Restricted Stock Unit	Award	$0	+70.9K		$0.00	70.9K	Mar 23, 2022	Common Stock	70.9K	$0.00	Direct	F1
transaction	CCCS	Restricted Stock Unit	Award	$0	+142K		$0.00	142K	Mar 23, 2022	Common Stock	142K	$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 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 200% (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 January 1, 2022 through December 31, 2024 and generally subject to the Reporting Person's continued service to the Issuer through the Issuer's certification of the performance results.
F2	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 the Grant Date, generally subject to the Reporting Person's continued service to the Issuer through each such vesting and settlement date.

Content

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 200% (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 January 1, 2022 through December 31, 2024 and generally subject to the Reporting Person's continued service to the Issuer through the Issuer's certification of the performance results.

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 the Grant Date, generally subject to the Reporting Person's continued service to the Issuer through each such vesting and settlement date.

Remarks:

Executive Vice President, Chief Financial and Administrative Officer