Form 4: CCC Intelligent Solutions CEO Githesh Ramamurthy Transfers 2 Million Shares to Charity

CEO Githesh Ramamurthy of CCC Intelligent Solutions Holdings Inc. reports the transfer of 2,000,000 shares of common stock to The Ramamurthy Foundation.

Summary

• Githesh Ramamurthy, CEO and Chairman of CCC Intelligent Solutions Holdings Inc., filed a Form 4 on September 17, 2024.
• The filing reports a transaction on September 13, 2024, where 2,000,000 shares of common stock were transferred to The Ramamurthy Foundation.
• Ramamurthy directly owns 4,798,040 shares and indirectly owns 13,628,362 shares through Higginson Enterprises, LLC.
• He disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.
• The transfer to The Ramamurthy Foundation was a gift, with a reported price of $0 per share.
• Ramamurthy has voting and investment power over all securities owned by the foundation.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The transfer of shares to a charitable foundation could be viewed positively, but the overall sentiment is neutral.

Positives

• The transfer of shares to The Ramamurthy Foundation indicates a philanthropic commitment by the CEO.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders, providing transparency into their transactions in company stock.

Stakeholder Impact

• The transfer of shares to a charitable foundation may have a positive impact on the company's reputation.

Key Dates