Form 4: CCC Intelligent Solutions Director Teri Williams Reports Stock Transactions

Director Teri Williams reports the vesting and disposal of restricted stock units and the acquisition of new restricted stock units in CCC Intelligent Solutions Holdings Inc.

Summary

• On May 23, 2024, Teri Williams, a director of CCC Intelligent Solutions Holdings Inc., reported transactions involving the company's stock.
• Williams disposed of 24,109 shares of common stock at a price of $11.67 per share upon the vesting of restricted stock units.
• Following the transaction, Williams directly owns 74,135 shares of common stock.
• Additionally, Williams acquired 21,423 restricted stock units, each representing a contingent right to receive one share of common stock, cash equal to the fair market value, or a combination thereof.
• These RSUs vest on the earlier of May 23, 2025, and the date of the next annual meeting, contingent upon continued service to the Issuer.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

The vesting of the newly acquired RSUs is contingent upon continued service to the Issuer and will occur on the earlier of May 23, 2025, or the date of the next annual meeting of stockholders.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It is a standard practice for directors and officers to receive and trade company stock as part of their compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a director.
• Employees may be indirectly affected by the director's stock transactions, but the impact is likely minimal.

Key Dates