Advent International, L.P.'s Form 4 filing
CCC Intelligent Solutions Holdings Inc. (CCC) · filed Nov 15, 2023
- Accession no.
- 0001140361-23-053427
- Filed
- Nov 15, 2023, 4:05 PM ET
- Trade date
- Nov 13, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions. Open-market sales total $706.2M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Advent International, L.P.CIK 0001034196 | Director, 10% Owner |
| Advent Global Opportunities Master Limited PartnershipCIK 0001640935 | Director, 10% Owner |
| Advent Global Opportunities GP LLCCIK 0001741919 | Director, 10% Owner |
| Advent Global Opportunities Management LLCCIK 0001741922 | Director, 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 13, 2023 | Common Stock | SSaleDisposed | −50,888,780 | $10.11 | −$514,297,277.31 | 209,609,459 | Indirect | Duplicate filing |
| Nov 13, 2023 | Common Stock | SSaleDisposed | −1,609,497 | $10.11 | −$16,266,059.53 | 6,629,447 | Indirect | Duplicate filing |
| Nov 13, 2023 | Common Stock | SSaleDisposed | −16,876,723 | $10.11 | −$170,561,225.65 | 69,514,743 | Indirect | Duplicate filing |
| Nov 13, 2023 | Common Stock | SSaleDisposed | −500,000 | $10.11 | −$5,053,150 | 0 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
No transaction price on this filing refers to a footnote.
Remarks
Christopher Egan, a Managing Partner of Advent, Eric Wei, a Managing Director of Advent, and Lauren Young, a Managing Director of Advent (collectively, the "Advent Directors"), each serve on the board of directors of the Issuer, and have been deputized to represent the Reporting Persons on the board of directors. By virtue of the Advent Directors' representation, for purposes of Section 16 of the Securities Exchange Act of 1934, each of the Reporting Persons may be deemed directors by deputization of the Issuer. The Advent Directors have filed separate Section 16 reports disclosing securities of the Issuer that they may be deemed to beneficially own for Section 16 purposes. Form 2 of 2: This Form 4 is the second of two Forms 4 being filed relating to the same event. The Form 4 has been split into multiple filings because there are more than 10 Reporting Persons total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 Reporting Persons. Each Form 4 will be filed by Designated Filer Advent International, L.P. Exhibit 99.1 (Footnotes to Form 4) and Exhibit 99.2 (Signatures and Joint Filer Information) are incorporated by reference.