Form 4: CCC Intelligent Solutions Director Lauren Young Sells Shares in Public Offering

Director Lauren Young reports the sale of CCC Intelligent Solutions Holdings Inc. shares in connection with a recent underwritten public offering.

Summary

• Lauren Young, a director of CCC Intelligent Solutions Holdings Inc., filed a Form 4 disclosing the sale of common stock on July 1, 2024.
• The sales were executed in connection with an underwritten public offering at a price of $11.299 per share, net of underwriting discounts and commissions.
• Young sold 18,319,076 shares directly, and also reported indirect beneficial ownership of shares held by Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, and GPE VIII CCC Co-Investment (Delaware) Limited Partnership.
• After the reported transactions, Young directly owns no shares, but indirectly beneficially owns 102,212,216 shares through Cypress Investor Holdings, L.P., 3,232,721 shares through Advent International GPE VIII-C Limited Partnership, and 33,897,589 shares through GPE VIII CCC Co-Investment (Delaware) Limited Partnership.
• Young disclaims Section 16 beneficial ownership of the indirectly held shares except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a share sale. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction. The sentiment is neutral.

Industry Context

This filing reflects a transaction related to a public offering, which is a common method for companies to raise capital. The involvement of Advent International, a private equity firm, suggests a potential partial exit or reduction of their stake in CCC Intelligent Solutions.

Stakeholder Impact

• The sale of shares by a director could be perceived differently by stakeholders.
• Some may view it as a lack of confidence in the company's future, while others may see it as a normal part of portfolio diversification, especially in the context of a public offering.

Key Dates