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., reported the sale of common stock on March 4, 2024.
• The sales were conducted in connection with an underwritten public offering.
• A total of 30,195,949 shares were sold at $11.33 per share.
• Additionally, 955,026 shares were sold at $11.33 per share.
• Furthermore, 10,014,164 shares were sold at $11.33 per share.
• The sales were made pursuant to a prospectus supplement filed on March 4, 2024, and an accompanying registration statement on Form S-3.
• The reporting person disclaims beneficial ownership of the shares except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a transaction related to a public offering. It doesn't inherently indicate positive or negative sentiment, but rather a factual event.

Management Comments

• The Reporting Person disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of her 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

This announcement reflects a transaction related to a public offering, which is a common method for companies to raise capital or for existing shareholders to reduce their positions. The involvement of Advent International, a private equity firm, suggests a potential shift in ownership structure or investment strategy.

Stakeholder Impact

• The sale of shares could potentially impact shareholders by diluting ownership, although this is part of a planned public offering.
• The transaction may affect the company's stock price in the short term.

Key Dates