INTA.NASDAQIntapp, INC

Form 4: Intapp CEO John Hall Executes Option and Sells Shares Under 10b5-1 Plan

Sentiment:

SEC Form 4 Filing

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Intapp's CEO, John Hall, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

  • On December 16, 2024, John Hall, CEO of Intapp, Inc., exercised an employee stock option to acquire 66,650 shares of common stock at a price of $7.45 per share.
  • Simultaneously, Hall sold 58,089 shares at a weighted average price of $68.7418 and 12,897 shares at a weighted average price of $69.2217.
  • These transactions were executed under a 10b5-1 plan established on September 13, 2024.
  • Following these transactions, Hall directly owns 5,026,096 shares of Intapp common stock and holds options for 1,236,799 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged plan. There's no indication of positive or negative implications for the company.

Industry Context

This filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Stakeholder Impact

  • The transactions may have a minor impact on shareholders due to the change in ownership, but the 10b5-1 plan mitigates concerns about insider trading.

Key Dates

DateDescription
09/13/2024Date the 10b5-1 plan was put in place by the Reporting Person
12/16/2024Date of option exercise and sale of shares.
12/18/2024Date of signature on the Form 4 filing.
07/26/2027Expiration date of the Employee Stock Option

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