Brian Herb - Jul 30, 2024 Form 4 Insider Report for CCC Intelligent Solutions Holdings Inc. (CCCS)

Signature
/s/ Kevin Kane as Attorney-in-Fact for Brian Herb
Stock symbol
CCCS
Transactions as of
Jul 30, 2024
Transactions value $
$16,501
Form type
4
Date filed
8/1/2024, 06:41 PM
Previous filing
Apr 3, 2024
Next filing
Aug 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCCS Common Stock Options Exercise $414K +37.5K +17.21% $11.03 255K Jul 30, 2024 Direct
transaction CCCS Common Stock Tax liability -$183K -16.6K -6.51% $11.03 239K Jul 30, 2024 Direct
transaction CCCS Common Stock Sale -$214K -20.9K -8.75% $10.24 218K Jul 31, 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 -37.5K -50% $0.00 37.5K Jul 30, 2024 Common Stock 37.5K $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 July 30, 2021, 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