Form 4: CCC Intelligent Solutions CEO Executes Stock Option Plan, Sells Shares
SEC Form 4 Filing
CCC Intelligent Solutions CEO Githesh Ramamurthy exercised stock options and sold shares under a pre-arranged trading plan.
Summary
- Githesh Ramamurthy, CEO of CCC Intelligent Solutions Holdings Inc., executed a series of transactions involving the company's stock.
- These transactions occurred between November 7, 2024, and November 12, 2024.
- The transactions involved the exercise of stock options at a price of $2.50 per share and the subsequent sale of those shares at an average price of approximately $11.50 per share.
- A total of 118,048 shares were acquired through option exercises and then sold.
- The sales were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on December 20, 2023.
- Following these transactions, Mr. Ramamurthy directly owns 4,798,040 shares and indirectly owns 13,628,362 shares through Higginson Enterprises, LLC.
- He also holds options for 5,252,236 shares.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of insider trading activity, which is neither positive nor negative in itself. The transactions were pre-planned and expected.
Management Comments
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
Industry Context
This is a standard SEC Form 4 filing, which is common for corporate insiders who trade their company's stock. It is a routine disclosure and does not indicate any specific industry trend.
Comparison to Industry Standards
- The use of a 10b5-1 trading plan is a common practice among corporate executives to avoid accusations of insider trading.
- The reported transactions are typical for executives exercising stock options and selling shares for personal financial management.
- The price range of the sales is within the expected range for a company of this type.
Stakeholder Impact
- The transactions may have a minor impact on the stock price due to the volume of shares sold, but this is likely to be minimal given the pre-planned nature of the sales.
Key Dates
| Date | Description |
|---|---|
| 2021-07-30 | Date of the merger between CCC Intelligent Solutions Holdings Inc. and Cypress Holdings, Inc., where the reporting person received stock options. |
| 2023-12-20 | Date the reporting person adopted the Rule 10b5-1 trading plan. |
| 2024-11-07 | First date of stock option exercise and share sale transactions. |
| 2024-11-11 | Second date of stock option exercise and share sale transactions. |
| 2024-11-12 | Third date of stock option exercise and share sale transactions and date of filing. |
Keywords
stock options, insider trading, Rule 10b5-1, executive compensation, share sales, CCCS, Githesh Ramamurthy
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