Form 4: CCC Intelligent Solutions CEO Githesh Ramamurthy Executes Stock Option Exercises and Sales Under 10b5-1 Plan
SEC Form 4
Githesh Ramamurthy, CEO of CCC Intelligent Solutions Holdings Inc., executed stock option exercises and sales of common stock between April 22 and April 24, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Githesh Ramamurthy, the CEO of CCC Intelligent Solutions Holdings Inc., engaged in a series of transactions involving the company's stock between April 22 and April 24, 2024.
- These transactions included the exercise of stock options at a price of $2.50 and the subsequent sale of the acquired common stock at weighted average prices ranging from $11.5157 to $11.52.
- The transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted on December 20, 2023.
- On April 22, 2024, 297 shares were acquired and then disposed of.
- On April 23, 2024, 942,084 shares were acquired and then disposed of.
- On April 24, 2024, 57,619 shares were acquired and then disposed of.
- Following these transactions, Ramamurthy directly owns 6,463,840 shares of common stock and indirectly owns 13,628,362 shares through Higginson Enterprises, LLC.
- He also holds options to buy 7,365,143 shares of common stock at an exercise price of $2.50, expiring on July 10, 2027.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's outlook or performance. It is common for executives to have pre-arranged trading plans to diversify their assets and manage their stock holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the impact is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2021-07-30 | Acquisition of Cypress Holdings, Inc. by CCC Intelligent Solutions Holdings Inc. by merger. |
| 2023-12-20 | Date the Reporting Person adopted the Rule 10b5-1 trading plan. |
| 2024-04-22 | Date of first reported transaction: stock option exercise and sale of common stock. |
| 2024-04-23 | Date of second reported transaction: stock option exercise and sale of common stock. |
| 2024-04-24 | Date of third reported transaction: stock option exercise and sale of common stock. |
| 2027-07-10 | Expiration date of stock options. |
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