Brian Herb - Mar 25, 2024 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 25, 2024
Transactions value $: -$422,174
Form type: 4
Date filed: 3/27/2024, 04:35 PM
Previous filing: Mar 8, 2024
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCCS	Common Stock	Options Exercise	$0	+35.4K	+12.3%	$0.00	324K	Mar 25, 2024	Direct
transaction	CCCS	Common Stock	Tax liability	-$188K	-15.7K	-4.85%	$11.95	308K	Mar 25, 2024	Direct
transaction	CCCS	Common Stock	Sale	-$235K	-19.7K	-6.41%	$11.88	288K	Mar 26, 2024	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	Options Exercise	$0	-35.4K	-33.33%	$0.00	70.9K	Mar 25, 2024	Common Stock	35.4K	$0.00	Direct	F2

* 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 29, 2023.
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 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.

Content

This transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2023.

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.

Remarks:

Executive Vice President, Chief Financial and Administrative Officer