Form 4: CCC Intelligent Solutions Holdings Inc. Director Lauren Young Reports Sale of Common Stock

Director Lauren Young reports the sale of CCC Intelligent Solutions Holdings Inc. common stock in connection with an underwritten public offering.

Summary

• Lauren Young, a director of CCC Intelligent Solutions Holdings Inc., filed a Form 4 disclosing changes in beneficial ownership.
• The report details the sale of common stock on May 30, 2024, in connection with an underwritten public offering.
• The sales were executed at a price of $11.43 per share, net of underwriting discounts and commissions.
• Young disclaims beneficial ownership of shares held by Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, and GPE VIII CCC Co-Investment (Delaware) Limited Partnership, except to the extent of her pecuniary interest.
• After the reported transactions, Young's direct holdings decreased, while indirect holdings through various entities remain significant.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about transactions.

Industry Context

Sales by significant shareholders or directors often occur in connection with public offerings. This sale is part of an underwritten public offering, which is a common method for companies and major shareholders to raise capital or reduce their positions.

Stakeholder Impact

• The stock sale may have a short-term impact on the stock price due to increased supply.
• The underwritten public offering could dilute existing shareholders' ownership if new shares were issued.

Key Dates