Eileen Schloss - 25 May 2023 Form 4 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Role
Director
Signature
/s/ Kevin Kane as Attorney-in-Fact for Eileen Schloss
Issuer symbol
CCCS
Transactions as of
25 May 2023
Net transactions value
-$79.28
Form type
4
Filing time
30 May 2023, 18:14:43 UTC
Previous filing
18 May 2023
Next filing
20 Jun 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCCS Common Stock Options Exercise $137,919 +34,054 +124% $4.05 61,554 26 May 2023 Direct
transaction CCCS Common Stock Options Exercise $344,805 +85,137 +138% $4.05 146,691 26 May 2023 Direct
transaction CCCS Common Stock Sale $482,803 -46,766 -32% $10.32 99,925 26 May 2023 Direct F1

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 +26,519 $0.000000 26,519 25 May 2023 Common Stock 26,519 $0.000000 Direct F2
transaction CCCS Stock Option (Right to Buy) Options Exercise $0 -85,137 -100% $0.000000* 0 26 May 2023 Common Stock 85,137 $4.05 Direct F3, F4
transaction CCCS Stock Option (Right to Buy) Options Exercise $0 -34,054 -40% $0.000000 51,083 26 May 2023 Common Stock 34,054 $4.05 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.2600 to $10.4500. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range provided.
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. The RSUs vest on the earlier of May 25, 2024 and the date of the next annual meeting of the stockholders of the Issuer, generally subject to the Reporting Person's continued service to the Issuer through such vesting and settlement date.
F3 The Options were fully vested upon grant.
F4 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.
F5 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.