Form 4: CCC Intelligent Solutions Executive Exercises and Sells Shares Under 10b5-1 Plan

Mary Jo Prigge, an executive at CCC Intelligent Solutions, executed stock options and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Mary Jo Prigge, an Executive Vice President at CCC Intelligent Solutions, engaged in transactions involving the company's stock.
• On November 22, 2024, she exercised options to acquire 80,724 shares at $2.50 per share and then sold the same amount of shares at a weighted average price of $12.5177.
• On November 25, 2024, she exercised options to acquire 19,276 shares at $2.50 per share and then sold the same amount of shares at a weighted average price of $12.6709.
• These transactions were executed automatically under a Rule 10b5-1 trading plan adopted on March 20, 2024.
• Following these transactions, Ms. Prigge directly owns 97,268 shares and indirectly owns 853,085 shares through a trust.
• She also holds options for 100,000 shares.

Sentiment

Score: 7

Explanation: The document reflects routine transactions under a pre-arranged plan, indicating a neutral to slightly positive sentiment as it shows the executive is exercising and selling shares, which is a normal part of executive compensation.

Industry Context

This is a routine filing related to executive stock transactions and is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, including those in the technology sector like CCC Intelligent Solutions.
• Similar filings are regularly seen from executives at companies like Salesforce (CRM), Adobe (ADBE), and Oracle (ORCL), where stock-based compensation is a significant part of executive pay.
• The reported prices for the share sales are within the typical range for market transactions, and the exercise price of $2.50 is consistent with the terms of stock option grants.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but the pre-arranged nature of the sales should mitigate any significant volatility.
• Shareholders may view the transactions as a normal part of executive compensation.

Key Dates

Keywords

stock options, 10b5-1 trading plan, insider trading, executive compensation, share sales, CCC Intelligent Solutions, CCCS