Form 4: CCC Intelligent Solutions Executive Marc Fredman Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Marc Fredman, SVP and Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., exercised stock options and sold shares of common stock under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On March 19, 2024, Marc Fredman, SVP and Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., executed stock options to acquire 86,492 and 86,740 shares of common stock at an exercise price of $2.50 per share.
- On the same day, Fredman sold 173,232 shares of common stock at a weighted average price of $11.8572, with prices ranging from $11.6800 to $11.9300.
- These transactions were conducted under a pre-arranged Rule 10b5-1 trading plan adopted on November 17, 2023.
- Following these transactions, Fredman directly owns 212,542 shares of CCC Intelligent Solutions Holdings Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects routine transactions under a pre-arranged plan, with no indication of positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions and provides insight into the actions of company executives, which can be of interest to investors monitoring company performance and management's perspective on the stock's value.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely minimal given the relatively small volume compared to the overall market capitalization.
Key Dates
| Date | Description |
|---|---|
| 2017/04/27 | Original vesting schedule start date for Cypress Holdings, Inc. stock options. |
| 2021/07/30 | Date of the merger between Cypress Holdings, Inc. and CCC Intelligent Solutions Holdings Inc. |
| 2023/11/17 | Date Marc Fredman adopted the Rule 10b5-1 trading plan. |
| 2024/03/19 | Date of the stock option exercise and stock sale. |
| 2024/03/20 | Date of the Form 4 filing. |
| 2027/07/10 | Expiration date of the stock options. |
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