Form 4: Intapp CEO John Hall Sells Shares to Cover Tax Obligations

Intapp's CEO, John Hall, executed multiple sales of common stock to cover tax liabilities arising from the vesting of performance share units.

Summary

• John Hall, CEO of Intapp, Inc., sold shares of the company's common stock on August 20 and 21, 2024.
• The sales were executed to cover tax liabilities incurred upon the vesting of performance share units granted under the company's 2021 Omnibus Incentive Plan.
• The sales were conducted under a pre-arranged 10b5-1 trading plan established on June 10, 2024.
• On August 20, 2024, 40,834 shares were sold at a weighted average price of $42.2288.
• On August 21, 2024, multiple transactions occurred, with 41 shares sold at $41.99, 10,792 shares at a weighted average price of $42.6326, and 7 shares at $43.
• Following these transactions, Hall directly owns 5,076,757 shares of Intapp common stock.

Sentiment

Score: 6

Explanation: The document reflects routine transactions related to executive compensation and tax planning, with no indication of significant positive or negative sentiment. The use of a 10b5-1 plan suggests transparency and pre-planning.

Industry Context

Executive stock sales are a common occurrence, often related to compensation and tax planning. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on inside information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market, but the pre-planned nature of the sales mitigates concerns about insider information.

Key Dates