Eric Wei (Director) sells 30M CCCS shares on 08/07/2025 at $9.87
Rhea-AI Filing Summary
Eric Wei, a director of CCC Intelligent Solutions Holdings Inc. (CCCS), reported multiple sales of common stock on 08/07/2025. The Form 4 shows three sale entries executed under transaction code S at a price of $9.8715 per share: 22,005,957, 695,999, and 7,298,044 shares (aggregate 30,000,000 shares). The filing records resulting beneficial ownership positions of 27,391,934, 866,345, and 9,084,247 shares across direct and indirect holdings. Footnotes are referenced via Exhibit 99.1 for additional details. The Form is filed by one reporting person and identifies Wei as a Director.
Positive
- None.
Negative
- Director Eric Wei reported three sales on 08/07/2025 of 22,005,957, 695,999, and 7,298,044 shares at $9.8715 per share.
- Total shares sold shown on the form amount to 30,000,000 shares (sum of the three reported entries).
- Resulting beneficial ownership positions are reduced to 27,391,934, 866,345, and 9,084,247 shares as reported in the filing.
- Key explanatory detail is not on the face of the Form 4 and is deferred to Exhibit 99.1, which is incorporated by reference for the footnotes.
Insights
TL;DR: Director Eric Wei sold a total of 30,000,000 CCCS shares on 08/07/2025 at $9.8715, a large insider sale reported on Form 4.
The filing documents three sale transactions on 08/07/2025 executed under code S at $9.8715 per share: 22,005,957, 695,999, and 7,298,044 shares. Resulting beneficial ownership positions are explicitly listed. For investors, the size of the disclosed sales is material relative to the listed positions; the filing references Exhibit 99.1 for footnote detail. No purchase or derivative activity is reported on this Form 4.
TL;DR: The Form 4 shows substantial director stock dispositions with explanatory footnotes deferred to Exhibit 99.1.
The report identifies Eric Wei as a director and records multiple dispositions on a single date, with both direct and indirect ownership lines and footnote cross-references. The filing is a routine disclosure under Section 16 with exhibit-referenced details; governance reviewers would expect Exhibit 99.1 to clarify the nature of indirect holdings and any plan-based executions.
FAQ
What did Eric Wei report on the CCCS Form 4?
What is Eric Wei's relationship to CCC Intelligent Solutions Holdings (CCCS)?
How many CCCS shares were sold in total according to the filing?
At what price were the reported CCCS shares sold?
Where can I find more detail about the footnotes referenced in the Form 4?