Form 4: CCC Intelligent Solutions Holdings Inc. Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Githesh Ramamurthy, CEO and Chairman of CCC Intelligent Solutions Holdings Inc., exercised performance restricted stock units and sold a portion of the acquired shares to cover tax obligations.
Summary
- Githesh Ramamurthy, CEO and Chairman of CCC Intelligent Solutions Holdings Inc., reported changes in beneficial ownership of the company's stock on March 1, 2024.
- Ramamurthy exercised 5,706,720 performance restricted stock units (PRSUs) granted on October 21, 2021, receiving common stock.
- Following the exercise, Ramamurthy sold 2,515,197 shares of common stock at a price of $11.66 per share.
- After these transactions, Ramamurthy directly owns 6,463,840 shares and indirectly owns 8,979,037 shares through Higginson Enterprises, LLC.
- Ramamurthy disclaims beneficial ownership of the indirectly held securities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which can be informative for investors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased number of shares in the market.
Key Dates
| Date | Description |
|---|---|
| 10/21/2021 | Performance Restricted Stock Units granted to the Reporting Person |
| 03/01/2024 | Date of transaction: Exercise of stock options and sale of shares |
| 03/04/2024 | Date of signature on the Form 4 filing |
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