Rodney Christo - Jun 5, 2023 Form 4 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Role
Chief Accounting Officer
Signature
/s/ Kevin Kane as Attorney-in-Fact for Rodney Christo
Stock symbol
CCCS
Transactions as of
Jun 5, 2023
Transactions value $
-$104,378
Form type
4
Date filed
6/7/2023, 06:59 PM
Previous filing
Jun 2, 2023
Next filing
Aug 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCCS Common Stock Options Exercise $36.5K +12.5K $2.92 12.5K Jun 5, 2023 Direct F1
transaction CCCS Common Stock Sale -$141K -12.5K -100% $11.27 0 Jun 5, 2023 Direct F1, F2
holding CCCS Common Stock 130K Jun 5, 2023 By Trust

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 Stock Option (Right to Buy) Options Exercise $0 -12.5K -57.99% $0.00 9.06K Jun 5, 2023 Common Stock 12.5K $2.92 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2022.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.2500 to $11.3250. 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.
F3 In connection with the acquisition of Cypress Holdings, Inc. by CCC Intelligent Solutions Holdings Inc. (the "Issuer") by merger on July 30, 2021 (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. which were subject to performance vesting, provided that all performance vesting conditions were deemed fully satisfied in connection with the Merger and the Options were fully vested upon grant.