Valdez Joshua James 4
Research Summary
AI-generated summary
CCC SVP Joshua Valdez Converts RSUs, Sells 58,055 Shares
What Happened
- Joshua James Valdez, Senior Vice President & Chief Product Officer of CCC Intelligent Solutions Holdings (CCC), had 159,745 restricted stock units (RSUs convert/derivative) settle into common shares on June 11, 2026. Of those, 58,055 shares were surrendered/withheld to cover tax withholding at $4.70 per share, generating $272,859. The net shares issued to him were 101,690 (159,745 acquired less 58,055 withheld).
Key Details
- Transaction date: June 11, 2026; Form 4 filed June 15, 2026 (timely).
- Reported transaction codes: M = exercise/conversion of derivative (159,745 shares @ $0.00); F = tax withholding (58,055 shares disposed @ $4.70; $272,859).
- Net new shares received by insider: 101,690.
- Shares owned after transaction: not disclosed in this filing.
- Footnote: These shares arose from previously granted RSUs; one-half of the grant vested on June 6, 2026, with the remainder vesting in installments over the following three anniversaries (see F1).
Context
- This was not a cash purchase or open-market sale for investment purposes; it reflects RSU settlement with a routine tax-withholding share surrender. Such transactions are common when equity awards vest and do not, by themselves, signal the insider’s ongoing market view.