Form 4: CCC Intelligent Solutions Executive Marc Fredman Reports Stock Transactions

Marc Fredman, SVP and Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., reports the vesting of restricted stock units and subsequent sale of shares.

Summary

• On March 25, 2024, Marc Fredman, SVP, Chief Strategy Officer of CCC Intelligent Solutions Holdings Inc., reported transactions involving the company's common stock.
• 17,722 shares of common stock were acquired through the vesting of Restricted Stock Units (RSUs).
• 7,851 shares were disposed of to cover tax obligations at a price of $11.95 per share.
• An additional 9,871 shares were sold on March 26, 2024, at a price of $11.88 per share.
• Following these transactions, Fredman directly owns 212,542 shares of CCC Intelligent Solutions Holdings Inc.
• The initial grant date of the Restricted Stock Units was not specified, but they vest 25% annually over four years.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly listed companies, and the reported transactions are within the expected range for executives exercising stock options and managing their personal finances.
• Similar filings are regularly made by executives at comparable companies like Guidewire Software and Duck Creek Technologies, reflecting the standard practice of equity-based compensation and subsequent stock sales.

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 of shares traded.

Key Dates