Form 4: CCC Intelligent Solutions Holdings Inc.: Christopher Egan Reports Sale of Common Stock

Christopher Egan, a director of CCC Intelligent Solutions Holdings Inc., reported the sale of common stock on March 3, 2025, as part of an underwritten public offering.

Summary

• Christopher Egan, a director at CCC Intelligent Solutions Holdings Inc., filed a Form 4 disclosing changes in beneficial ownership.
• On March 3, 2025, Egan sold shares of common stock at a price of $10.325 per share.
• The sales were part of an underwritten public offering.
• After the transactions, Egan directly owns 71,403,848 shares and indirectly owns 2,258,343 shares through Advent International VIII-C, and 23,680,335 shares through GPE VIII CCC Co-Investment.
• Egan disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a transaction that is part of a previously announced public offering. The director's disclaimer of beneficial ownership beyond his pecuniary interest is a standard legal statement.

Management Comments

• The Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or any other purpose.

Industry Context

Sales by significant shareholders or directors are common and can be part of portfolio management or liquidity events, especially following public offerings or significant company milestones. The market will often interpret these sales in the context of the overall health and future prospects of the company.

Comparison to Industry Standards

• Comparing this transaction to similar sales by directors in comparable technology companies requires analyzing the size of the sale relative to total holdings, the timing relative to company performance, and the stated reasons for the sale.
• For example, directors at companies like Guidewire Software or Duck Creek Technologies might execute similar sales following lock-up expirations or as part of pre-planned diversification strategies.
• The impact on CCCS's stock price will depend on market perception of the sale and the overall investor sentiment towards the company.

Stakeholder Impact

• The sale of shares could potentially impact shareholder value, depending on market reaction.
• The underwritten public offering may dilute existing shareholders' ownership.

Key Dates