Form 4: Intapp CFO David Morton Jr. Sells Shares Under 10b5-1 Plan

Intapp's Chief Financial Officer, David Morton Jr., sold a total of 10,000 shares of common stock on December 3, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• David Morton Jr., the Chief Financial Officer of Intapp, Inc., executed sales of company stock on December 3, 2024.
• The sales were conducted under a pre-arranged 10b5-1 trading plan established on September 3, 2024.
• A total of 10,000 shares of common stock were sold in multiple transactions at varying prices.
• The first sale involved 57 shares at $63.87 per share.
• The second sale involved 6,865 shares at a weighted average price of $64.7034, with individual prices ranging from $64.00 to $64.97.
• The third sale involved 3,078 shares at a weighted average price of $65.1442, with individual prices ranging from $65.00 to $65.31.
• Following these transactions, Mr. Morton directly owns 17,331 shares of Intapp common stock.

Sentiment

Score: 5

Explanation: The document reports a routine stock sale by an executive under a pre-arranged plan. It is neither positive nor negative, but a neutral event.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting investor sentiment.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies, often part of pre-planned diversification or compensation strategies. The use of a 10b5-1 plan indicates that the sales were pre-arranged and not based on any material non-public information.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a standard practice among executives at publicly traded companies to avoid accusations of insider trading.
• The reported sales are relatively small compared to the overall market capitalization of Intapp, Inc., and are not unusual for a CFO's stock transactions.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but are unlikely to significantly affect the company's operations or financial health.

Key Dates

Keywords

Intapp, David Morton Jr., CFO, stock sale, 10b5-1 plan, insider trading, executive compensation