Form 4: Intapp CEO John T. Hall Reports Over $2 Million in Pre-Planned Stock Sales

Intapp, Inc. CEO John T. Hall disclosed the sale of 39,200 shares of common stock and the exercise of 8,000 employee stock options, all executed under a pre-arranged 10b5-1 trading plan.

Summary

• Intapp, Inc. CEO and Director, John T. Hall, reported multiple transactions involving the company's common stock and employee stock options.
• On May 23, 2025, Mr. Hall sold 13,131 shares at a weighted average price of $54.7443 and an additional 18,069 shares at a weighted average price of $55.2095.
• On May 27, 2025, Mr. Hall exercised 8,000 employee stock options at an exercise price of $7.45 per share.
• Immediately following the option exercise on May 27, 2025, Mr. Hall sold 800 shares at a weighted average price of $54.675 and 7,200 shares at a weighted average price of $55.3419.
• All reported transactions were executed pursuant to a Rule 10b5-1 trading plan established by Mr. Hall on September 13, 2024.
• Following these transactions, Mr. Hall directly beneficially owns 5,445,335 shares of common stock and 782,910 employee stock options.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While insider sales can sometimes be viewed negatively, the fact that these transactions were executed under a pre-arranged 10b5-1 plan mitigates concerns about opportunistic selling and indicates a structured approach to personal financial management. The exercise of vested options is a normal part of executive compensation.

Positives

• The transactions were executed under a pre-arranged Rule 10b5-1 plan, indicating a structured approach to personal financial management rather than opportunistic trading.
• The exercise of employee stock options at a significantly lower price ($7.45) compared to the market sale prices (ranging from $54.39 to $55.90) demonstrates the value of the compensation structure for the CEO.

Negatives

• The net effect of the transactions is a reduction in the CEO's direct beneficial ownership of common stock, which could be perceived by some investors as a slight decrease in insider alignment, although mitigated by the 10b5-1 plan.

Future Outlook

N/A

Management Comments

• "The option exercise and sale of shares of common stock of Intapp, Inc. was executed pursuant to a 10b5-1 plan put in place by the Reporting Person on September 13, 2024."
• "The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $54.7443: $54.39 to $54.99, inclusive, (b) with respect to the weighted average price of $55.2095: $55.00 to $55.695, inclusive, (c) with respect to the weighted average price of $54.675: $54.48 to $54.80, inclusive, and (d) with respect to the weighted average price of $55.3419: $55.00 to $55.90, inclusive."
• "The reporting person undertakes to provide to Intapp, Inc., any security holder of Intapp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2)."
• "The shares underlying this option are fully vested and exercisable as of the date hereof."

Industry Context

N/A

Corporate Governance

Related Party Transactions

• The reported transactions involve the sale of company stock by a key executive (CEO and Director), which is inherently a related party transaction in the context of insider trading regulations.

Stakeholder Impact

• Shareholders: May view the pre-planned sales as a normal part of executive compensation and financial planning, rather than a signal of lack of confidence, due to the 10b5-1 plan.
• Employees: No direct impact mentioned, but the exercise of options highlights the value of equity compensation plans.

Next Steps

• The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request from Intapp, Inc., security holders, or the SEC staff.

Key Dates

Keywords

Intapp, INTA, Form 4, Insider Trading, Stock Sale, CEO, John T. Hall, 10b5-1 Plan, Employee Stock Options, Beneficial Ownership