Oak Hill Capital Partners IV (Management), L.P. 3
3 · CCC Intelligent Solutions Holdings Inc. · Filed Aug 3, 2021
Insider Transaction Report
Form 3
OH Cypress Aggregator, L.P.
Director
Holdings
- 53,082,833
Common Stock, $0.0001 par value
Footnotes (3)
- [F1]The Reporting Person acquired these securities on July 30, 2021, as consideration for the Reporting Person's common stock of Cypress Holdings, Inc., which CCC Intelligent Solutions Holdings, Inc. (the "Issuer") acquired by merger on July 30, 2021. The business combination agreement provides that the former shareholders of Cypress Holdings, Inc. will receive additional shares of the Issuer's common stock at the earlier to occur of (a) the first date on which the last reported closing price of the Issuer's shares has been greater than or equal to $15.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any twenty (20) day trading days within any thirty (30) consecutive trading day period commencing after July 30, 2021 or (b) a change of control of the Issuer, in each case if such event occurs within ten (10) years after July 30, 2021. (cont'd on FN 2)
- [F2](cont'd from FN 1) The Reporting Person's right to receive additional shares pursuant to this earn-out right became fixed and irrevocable on July 30, 2021, the effective date of the merger.
- [F3]The Oak Hill Fund IV Entities (as defined below, except OH Cypress Aggregator, L.P.), OHCP Gen Par IV, L.P. (the "Oak Hill GP"), OHCP MGP IV, Ltd. (the "Oak Hill UGP") and Steven Puccinelli may be deemed to have indirect ownership of the securities.