Form 4: Advent International Sells $290M in CCC Intelligent Solutions Stock

Advent International and its affiliated entities have divested over 37 million shares of CCC Intelligent Solutions Holdings Inc. common stock for approximately $290 million in an underwritten public offering.

Summary

• Advent International, L.P., along with several affiliated entities, reported the sale of a significant block of CCC Intelligent Solutions Holdings Inc. common stock.
• A total of 37,342,526 shares were disposed of across multiple transactions on November 7, 2025.
• The shares were sold at a price of $7.7621 per share, totaling approximately $289.9 million.
• The sale was conducted as part of an underwritten public offering, as detailed in a prospectus supplement dated November 5, 2025, and an accompanying Form S-3 registration statement.
• Following these transactions, the reporting persons' indirect beneficial ownership of these specific holdings is now 0 shares.
• Advent International, as a 10% owner and through its Managing Directors Eric Wei and Lauren Young serving on the board, is considered a director by deputization for Section 16 purposes.

Sentiment

Score: 3

Explanation: The substantial sale of shares by a major institutional investor and 10% owner, Advent International, is typically perceived as a negative signal by the market, potentially indicating a strategic exit or a belief that the stock has reached its peak valuation. This could lead to negative investor sentiment and downward pressure on the stock price.

Positives

• The selling entities realized a substantial cash inflow of approximately $289.9 million from the sale of their shares.
• The transaction was executed through an organized underwritten public offering, suggesting an orderly market process for the large block sale.

Negatives

• A significant divestment by a major institutional investor and 10% owner like Advent International could be perceived negatively by the market, potentially signaling a loss of confidence or a strategic exit.
• The sale of over 37 million shares could exert downward pressure on the stock price due to increased supply.

Risks

• No specific risks related to the issuer's operations or financial health are mentioned. The primary risk is market perception related to a large insider sale by a significant shareholder, which could lead to negative investor sentiment and stock price volatility.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the issuer's future performance or operations.

Management Comments

• Eric Wei, a Managing Director of Advent, and Lauren Young, a Managing Director of Advent (collectively, the 'Advent Directors'), each serve on the board of directors of the Issuer, and have been deputized to represent the Reporting Persons on the board of directors.
• By virtue of the Advent Directors' representation, for purposes of Section 16 of the Securities Exchange Act of 1934, each of the Reporting Persons may be deemed directors by deputization of the Issuer.

Industry Context

This transaction represents a significant divestment by a major private equity firm from a technology company in the insurance and automotive industries. Such large-scale exits by institutional investors are common as investment cycles mature, but the market will observe how this impacts investor sentiment for CCC Intelligent Solutions and potentially other companies backed by similar private equity funds.

Related Party Transactions

• The sale of common stock by Advent International, L.P. and its affiliated entities, which are 10% owners and have directors on the issuer's board, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: Existing shareholders may experience negative sentiment and potential downward pressure on the stock price due to the large divestment by a major investor.
• Company Management: The transaction might prompt questions from the market regarding the company's future outlook and the reasons behind Advent's exit.

Next Steps

• The filing does not explicitly mention any future actions, events, or milestones for the issuer or the reporting persons beyond the completion of this transaction.

Key Dates

Recommendation

The significant divestment by a major institutional investor and 10% owner, Advent International, suggests a strategic exit or a belief that the stock's valuation may be stretched. Such a large insider sale often signals a lack of confidence in future upside and can lead to negative market sentiment and potential downward pressure on the share price. Investors might consider selling to avoid potential declines or re-evaluate their position given this major shareholder's exit.

Keywords

Advent International, CCC Intelligent Solutions, Insider Sale, Form 4, Stock Sale, Secondary Offering, Institutional Investor, Equity Divestment, Public Offering, Beneficial Ownership