Rodney Christo - 06 Mar 2024 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
Issuer symbol
CCCS
Transactions as of
06 Mar 2024
Net transactions value
-$701,480
Form type
4
Filing time
08 Mar 2024, 17:54:41 UTC
Previous filing
05 Mar 2024
Next filing
27 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCCS Common Stock Tax liability $34,211 -2,887 -12% $11.85 21,120 06 Mar 2024 Direct
transaction CCCS Common Stock Options Exercise $0 +9,853 +70% $0.000000 24,007 06 Mar 2024 Direct
transaction CCCS Common Stock Options Exercise $75,000 +30,000 +142% $2.50 51,120 07 Mar 2024 Direct F1
transaction CCCS Common Stock Sale $442,269 -36,966 -72% $11.96 14,154 07 Mar 2024 Direct F1, F2
transaction CCCS Common Stock Options Exercise $75,000 +30,000 +212% $2.50 44,154 08 Mar 2024 Direct F1
transaction CCCS Common Stock Sale $375,000 -30,000 -68% $12.50 14,154 08 Mar 2024 Direct F1
holding CCCS Common Stock 135,642 06 Mar 2024 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 Restricted Stock Unit Options Exercise $0 -9,853 -25% $0.000000 29,562 06 Mar 2024 Common Stock 9,853 $0.000000 Direct F3
transaction CCCS Restricted Stock Unit Award $0 +29,536 $0.000000 29,536 06 Mar 2024 Common Stock 29,536 $0.000000 Direct F3
transaction CCCS Stock Option (Right to Buy) Options Exercise $0 -30,000 -21% $0.000000 110,275 07 Mar 2024 Common Stock 30,000 $2.50 Direct F1, F4
transaction CCCS Stock Option (Right to Buy) Options Exercise $0 -30,000 -27% $0.000000 80,275 08 Mar 2024 Common Stock 30,000 $2.50 Direct F1, F4
* 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 This transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 30, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.8100 to $12.0000. 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 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 percent (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.
F4 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 scheduled to service vest 20% annually on the each of the first through the fifth anniversaries of April 27, 2017.