Form 4: CCC Intelligent Solutions Executive Rodney Christo Executes Stock Transactions
SEC Form 4 Filing
Rodney Christo, Chief Accounting Officer of CCC Intelligent Solutions Holdings Inc., reports transactions involving common stock, including acquisitions from performance restricted stock units and a sale under a 10b5-1 trading plan.
Summary
- On February 27, 2025, Rodney Christo acquired 14,161 shares of common stock upon settlement of Performance Restricted Stock Units (PRSUs) granted on February 25, 2022.
- On the same day, Christo also acquired 15,000 shares of common stock upon settlement of PRSUs granted on October 21, 2021.
- Also on February 27, 2025, 9,084 shares were disposed of at a price of $10.43.
- On March 3, 2025, Christo sold 20,077 shares of common stock at a price of $10.2, pursuant to a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Christo directly owns 0 shares and indirectly owns 135,642 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider. It provides transparency into the trading activities of key personnel and their holdings in the company.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- The use of Rule 10b5-1 trading plans is a common method for corporate insiders to sell shares while avoiding accusations of trading on non-public information, similar to practices at companies like Salesforce or Microsoft.
- The reporting of Performance Restricted Stock Unit (PRSU) settlements is also a standard disclosure, comparable to executive compensation reporting at companies like Oracle or SAP.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the sales were conducted under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| February 25, 2022 | Date of grant for Performance Restricted Stock Units settled on February 27, 2025. |
| October 21, 2021 | Date of grant for Performance Restricted Stock Units settled on February 27, 2025. |
| August 16, 2024 | Date of adoption of Rule 10b5-1 trading plan. |
| February 27, 2025 | Acquisition of 14,161 shares from PRSUs, acquisition of 15,000 shares from PRSUs, and disposal of 9,084 shares at $10.43. |
| March 3, 2025 | Sale of 20,077 shares at $10.2 under Rule 10b5-1 trading plan. |
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