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

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

Summary

• Mary Jo Prigge, an Executive Vice President and Chief Service Delivery Officer at CCC Intelligent Solutions Holdings Inc., executed a transaction involving the company's stock.
• On November 13, 2024, Prigge exercised 2,489 stock options at a price of $2.50 per share.
• Simultaneously, Prigge sold 2,489 shares of common stock at a weighted average price of $12.0014 per share, with individual sales ranging from $12.0000 to $12.0050.
• These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on March 20, 2024.
• Following these transactions, Prigge directly owns 97,268 shares and indirectly owns 853,085 shares through a trust.
• Prigge also holds 297,511 stock options.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction by an executive under a pre-arranged plan. It is neither particularly positive nor negative, but rather a standard part of executive compensation and stock management.

Positives

• The execution of the stock options and sale of shares were conducted under a pre-arranged 10b5-1 trading plan, which is a common practice for executives to avoid insider trading accusations.

Risks

• The sale of shares by an executive could be perceived negatively by the market, although the pre-planned nature of the transaction mitigates this risk.

Management Comments

• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies. The use of a 10b5-1 plan is a standard practice to ensure compliance with insider trading regulations.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies, such as those in the technology and software sectors, to manage their stock transactions while avoiding insider trading concerns.
• Similar transactions are regularly reported by executives at companies like Salesforce, Oracle, and Microsoft, where stock-based compensation is a significant part of executive pay.
• The reported prices and volumes are within the typical range for executive stock transactions in comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine executive stock transaction under a pre-arranged plan.

Key Dates

Keywords

stock options, 10b5-1 trading plan, executive stock sale, insider trading, CCC Intelligent Solutions, equity securities, beneficial ownership