Form 4: CCC Intelligent Solutions Executive Brian Herb Reports Stock Transactions

Brian Herb, Executive Vice President, Chief Financial and Administrative Officer of CCC Intelligent Solutions Holdings Inc., reports transactions involving common stock and restricted stock units.

Summary

• Brian Herb, an executive at CCC Intelligent Solutions Holdings Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On March 25, 2024, Herb exercised 35,444 Restricted Stock Units (RSUs) for common stock.
• Also on March 25, 2024, Herb disposed of 15,702 shares of common stock to cover tax obligations at a price of $11.95 per share.
• On March 26, 2024, Herb sold 19,742 shares of common stock at a price of $11.88 per share.
• Following these transactions, Herb directly owns 288,076 shares of common stock and 70,889 Restricted Stock Units.
• The initial transaction on March 25, 2024, was executed automatically under a pre-arranged Rule 10b5-1 trading plan adopted on November 29, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing plan. There's no indication of positive or negative sentiment towards the company's prospects.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. These filings are closely watched by investors to gauge management's sentiment and potential future performance.

Key Dates