Form 4: Director Sells $290M in CCC Intelligent Solutions Stock

CCC Intelligent Solutions director Eric Wei, affiliated with Advent International, sold over 37 million shares of common stock for approximately $290 million in a public offering.

Summary

• Eric Wei, a director of CCC Intelligent Solutions Holdings Inc., reported the sale of common stock.
• The transactions occurred on November 7, 2025.
• A total of 37,342,526 shares of common stock were sold across three separate transactions.
• The shares were sold at a price of $7.7621 per share.
• The total value of the shares sold amounts to approximately $289.9 million.
• The sales were conducted indirectly through entities including Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, and GPE VIII CCC Co-Investment (Delaware) Limited Partnership.
• Eric Wei is a Managing Director of Advent International, which manages these selling entities.
• The sales were part of an underwritten public offering pursuant to a prospectus supplement dated November 5, 2025, and a Form S-3 registration statement.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.
• Following these transactions, the reporting person's indirect beneficial ownership of these specific shares is 0.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to the large volume of insider selling by a director and affiliated entities, which can be perceived as a lack of confidence or a strategic exit, despite being pre-planned under a 10b5-1 plan and part of a public offering.

Positives

• The sale was executed as part of an underwritten public offering, suggesting an organized market transaction.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, which indicates the sale was pre-scheduled and not based on new, non-public information.

Negatives

• A significant sale of over 37 million shares by a director and affiliated entities could be perceived negatively by the market, potentially signaling a lack of confidence or a desire to diversify holdings.
• The sale represents a substantial reduction in the beneficial ownership of the reporting person and associated entities.

Risks

• The large volume of shares sold could put downward pressure on the stock price in the short term due to increased supply.
• Investor sentiment might be negatively impacted by a major insider sale, even if pre-planned.

Future Outlook

The filing does not contain specific forward-looking statements or guidance regarding the company's future performance, focusing solely on the reported insider stock transactions.

Industry Context

This transaction represents a significant insider sale within the software and data analytics industry, specifically impacting a company focused on cloud-based solutions for the property and casualty insurance economy. While the sale is by a director affiliated with a private equity firm (Advent International), it could be viewed by the market as a strategic exit or diversification by a major investor, potentially influencing perceptions of the company's valuation or future growth prospects relative to its peers.

Related Party Transactions

• The sale was conducted by entities (Cypress Investor Holdings, L.P., Advent International GPE VIII-C Limited Partnership, GPE VIII CCC Co-Investment (Delaware) Limited Partnership) with which the reporting person, Eric Wei, is affiliated.
• Eric Wei is a Managing Director of Advent International, which manages these selling entities, indicating a related party relationship in the context of the transaction.

Stakeholder Impact

• Shareholders: Existing shareholders might react negatively to the large insider sale, potentially leading to downward pressure on the stock price. New investors participating in the public offering acquired shares from these selling entities.
• Company: The company itself did not directly receive proceeds from this secondary offering, but the increased float could impact liquidity.
• Management: The transaction reflects a decision by a director and associated investment firm to reduce their stake.

Key Dates

Recommendation

While a large insider sale, even if pre-planned, can create negative sentiment and potential short-term price pressure, the transaction was executed as part of a pre-arranged 10b5-1 plan and an underwritten public offering. This suggests an orderly exit or diversification by a major investor rather than an immediate reaction to adverse non-public information. Investors should monitor the stock for any further significant insider activity and evaluate the company's fundamentals independently, but this specific filing alone does not warrant a strong buy or sell recommendation without additional context on the company's performance and market conditions.

Keywords

CCC Intelligent Solutions, CCC, Form 4, Insider Sale, Eric Wei, Advent International, Stock Sale, Public Offering, Beneficial Ownership, Director Transaction, Rule 10b5-1