Christo Rodney 4

What Happened

• Christo Rodney, Chief Accounting Officer of CCC Intelligent Solutions (CCC), had multiple restricted stock unit (RSU) settlements and related derivative conversions on March 6, 2026, and subsequently sold shares. Key moves: received roughly 103,179 shares from RSU settlements/exercises (zero cash price), had 20,909 shares surrendered to cover taxes at $6.26 each ($130,890), and sold 50,321 shares in an open-market sale on March 9, 2026 at $6.13 for $308,468. The filing also reports the forfeiture of 16,540 PRSUs that failed to vest.

Key Details

• Transaction dates and prices:
  • Mar 6, 2026: Multiple RSU settlements/conversions (codes A and M) resulting in ~103,179 shares acquired at $0.00 (footnotes relate to 2023–2026 RSU grants).
  • Mar 6, 2026: Tax withholding — 20,909 shares disposed at $6.26 to satisfy tax liability (proceeds/value shown as $130,890).
  • Mar 9, 2026: Open-market sale — 50,321 shares sold at $6.13 for $308,468 (shares sold in multiple transactions; reporter will provide split on request).
  • Mar 6, 2026: Forfeiture — 16,540 PRSUs forfeited for failing to meet performance conditions (no cash).
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Notable footnotes: settlements relate to Performance RSUs (grants dated Mar 6, 2023) and RSU grants from 2023–2026 with typical multi-year vesting schedules; one group of PRSUs from Feb 25, 2022 was forfeited.
• Transaction codes explained: A = Award/Grant, M = Exercise/Conversion of derivative, F = Payment for tax liability (share surrender), S = Open-market sale, D = Disposition to issuer (forfeiture).
• Filing timeliness: no late-filing indication in the provided data.

Context

• This set of transactions is primarily the settlement of RSUs and routine sell-to-cover and open-market sales rather than an outright market purchase. The sequence (conversion/exercise or settlement of RSUs followed by tax withholding and some open-market sales) is common when equity awards vest and are partially used to satisfy taxes or raise cash.
• Total reported proceeds/values from the disclosed dispositions are roughly $439k (about $308k from the open-market sale plus ~$131k value tied to tax-withheld shares). These transactions are factual disclosures of compensation settlement and subsequent sales; they do not, by themselves, indicate management intent or company outlook.