Form 4: CCC Intelligent Solutions Holdings Inc. Director Sells Shares in Public Offering

Eric Wei, a director at CCC Intelligent Solutions Holdings Inc., sold shares of common stock as part of a public offering.

Summary

• Eric Wei, a director of CCC Intelligent Solutions Holdings Inc., reported the sale of common stock on March 4, 2024.
• The sales were executed at a price of $11.33 per share.
• The transactions were part of an underwritten public offering of the company's common stock.
• Wei's reported transactions involved the sale of 30,195,949 shares, 955,026 shares, and 10,014,164 shares.
• Following the reported transactions, Wei indirectly holds 163,275,807 shares through Cypress Investor Holdings, L.P., 5,164,022 shares through Advent International GPE VIII-C Limited Partnership, and 54,148,681 shares through GPE VIII CCC Co-Investment (Delaware) Limited Partnership.
• Wei disclaims beneficial ownership of the indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a stock sale. It doesn't inherently convey positive or negative sentiment, but rather reports a factual transaction. The sentiment is neutral.

Industry Context

The filing indicates activity 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 exit strategy or portfolio management activity.

Stakeholder Impact

• The public offering and subsequent sale of shares by a director may impact shareholder value and market perception of the company.
• The involvement of private equity firms like Advent International could signal strategic shifts or long-term investment decisions.

Key Dates