| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | CCCS | Common Stock | Options Exercise | $2.5M | +1M | +15.47% | $2.50 | 7.46M | Mar 20, 2024 | Direct | F1 |
| transaction | CCCS | Common Stock | Sale | -$11.9M | -1M | -13.4% | $11.86 | 6.46M | Mar 20, 2024 | Direct | F1, F2 |
| holding | CCCS | Common Stock | 13.6M | Mar 20, 2024 | See footnote | F3 |
| 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 | -1M | -10.68% | $0.00 | 8.37M | Mar 20, 2024 | Common Stock | 1M | $2.50 | Direct | F1, F4 |
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).
| Id | Content |
|---|---|
| F1 | This transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 20, 2023. |
| F2 | The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.7500 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 reported securities are indirectly held by the reporting person through Higginson Enterprises, LLC, provided that the reporting person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein. |
| 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 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 issuance. |
Chief Executive Officer and Chairman