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

Intapp's CEO, John T. Hall, sold shares of common stock on May 21, 2024, to cover tax liabilities incurred from vesting performance share units.

Summary

• On May 21, 2024, John T. Hall, the CEO of Intapp, Inc., sold shares of the company's common stock.
• The sales were executed in multiple transactions at weighted average prices of $36.744, $37.4514, and $38.187.
• A total of 33,447 shares were sold.
• These sales were conducted under a pre-arranged 10b5-1 trading plan established on December 12, 2023.
• The purpose of the sales was to cover tax liabilities arising from the vesting of performance share units granted under the company's 2021 Omnibus Incentive Plan.
• Following the transactions, Hall directly owns 5,049,391 shares of Intapp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales for tax purposes, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions. It is common for executives to sell shares to cover tax obligations related to equity compensation. The existence of a 10b5-1 plan suggests that these sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small volume of shares sold compared to the total outstanding shares.

Key Dates