Form 4: Advent International Sells 30M CCCS Shares

Advent International and affiliated entities sold 30 million shares of CCC Intelligent Solutions Holdings Inc. common stock for $9.8715 per share in a public offering.

Summary

• Advent International, L.P. and its affiliated entities, including Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, and GPE VIII CCC Co-Investment (Delaware) Limited Partnership, collectively disposed of 30,000,000 shares of CCC Intelligent Solutions Holdings Inc. common stock.
• The sale occurred on August 7, 2025, at a price of $9.8715 per share.
• The transaction was part of an underwritten public offering, with the price being net of underwriting discounts and commissions.
• Following the sale, the reporting persons beneficially own a total of 37,342,526 shares indirectly.
• Advent International's Managing Directors, Eric Wei and Lauren Young, serve on the Issuer's board and are considered directors by deputization.

Sentiment

Score: 3

Explanation: The sentiment is negative due to a large insider sale by a significant shareholder and director, which can be interpreted as a lack of confidence or a strategic exit, potentially putting downward pressure on the stock price.

Negatives

• A significant insider sale of 30,000,000 shares by a major shareholder and director, Advent International, could signal a lack of confidence or a strategic exit.
• The sale price of $9.8715 per share might indicate the market's valuation at the time of the offering.

Risks

• Large insider sales can create downward pressure on the stock price due to increased supply and potential negative investor sentiment.
• The reduction in ownership by a significant institutional investor like Advent International could reduce institutional support for the stock.

Future Outlook

NA

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 filing is specific to an insider transaction and does not provide broader industry context or trends.

Related Party Transactions

• The sale of shares by Advent International and its affiliated entities constitutes a related party transaction, as these entities are 10% owners and have director representation on the Issuer's board.

Stakeholder Impact

• Shareholders: Potential negative impact due to increased share supply and possible negative sentiment from a major insider sale.
• Company (Issuer): While the company itself did not sell shares, a large secondary offering can affect its stock price and investor perception.

Key Dates

Recommendation

The significant sale of 30 million shares by a major institutional investor and director, Advent International, suggests a strategic divestment or a perceived lack of future upside. Such a large insider sale typically signals a negative outlook from a well-informed party, potentially leading to downward pressure on the stock price and reduced investor confidence. This action warrants a cautious or negative stance on the stock.

Keywords

CCC Intelligent Solutions Holdings Inc., CCCS, Advent International, Insider Sale, Public Offering, Equity Sale, Institutional Investor, Share Disposal, Form 4