Form 4: Intapp CFO Reports Stock Transactions

Intapp CFO David H. Morton Jr. reported transactions involving the acquisition and disposition of company stock, including the vesting of restricted share units and the withholding of shares for taxes.

Summary

• David H. Morton Jr., Chief Financial Officer of Intapp, Inc., reported several transactions related to his beneficial ownership of the company's common stock.
• On May 19, 2026, 18,369 shares of common stock were acquired, with a reported value of $0, bringing the total directly owned shares to 99,394.
• On May 20, 2026, multiple transactions occurred: 8,699 shares were acquired (value $0), 4,548 shares were acquired (value $0), 2,749 shares were acquired (value $0), and 12,500 shares were acquired (value $0).
• Also on May 20, 2026, 23,851 shares were disposed of at a price of $20.50 per share.
• Following these transactions, the total number of directly owned common shares is 104,039.
• The filing also details the vesting of Restricted Share Units (RSUs) on May 20, 2026, with specific vesting schedules outlined for different grants.
• Shares were withheld for taxes upon the vesting of performance share units and RSUs, as indicated by a transaction code 'F' and a disposal price of $20.50.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral. It reports routine insider transactions related to equity compensation and tax withholding, without indicating significant positive or negative shifts in the executive's confidence or holdings.

Positives

• Vesting of performance share units and RSUs indicates achievement of performance conditions and continued service, suggesting positive performance and employee retention.
• The acquisition of shares with a reported value of $0 for some transactions suggests these were part of equity compensation plans, which can align management interests with shareholders.

Negatives

• The disposition of 23,851 shares at $20.50 per share indicates a sale of stock by the CFO, which could be interpreted as a reduction in his direct stake.
• Withholding of shares for taxes upon vesting reduces the net number of shares received by the reporting person.

Risks

• The disposition of shares by a key executive could be perceived negatively by the market, although it is common for executives to sell shares for diversification or tax purposes.
• The vesting schedules for RSUs are tied to continued employment, implying a risk of forfeiture if employment is terminated before vesting.

Future Outlook

The filing does not contain forward-looking statements or guidance. It solely reports on past transactions.

Management Comments

• The shares of Intapp, Inc.'s (the "Issuer") common stock reported in this Form 4 represent shares earned, as certified by the audit committee of the board of directors of the Issuer on May 19, 2026, based on the level of achievement of the applicable performance conditions over the applicable performance period, in respect of performance share units granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan.
• The earned shares of Issuer common stock reported in this Form 4 are subject to service-based vesting requirements that lapsed on May 20, 2026.
• The reported transaction involved a restricted share unit ("RSU") vesting on May 20, 2026.
• Shares of Intapp, Inc. common stock withheld for taxes upon the vesting of performance share units and RSUs granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The details provided by Intapp's CFO are typical for executives receiving and managing equity-based compensation, reflecting standard corporate practices in the software and technology sector.

Stakeholder Impact

• Shareholders: The disposition of shares by the CFO may lead to short-term market perception, though it is a common practice for executives to sell vested shares.
• Employees: The vesting of RSUs and performance shares indicates successful performance metrics and continued employment, which is generally positive for employee morale and retention.
• Management: The transactions reflect the standard compensation and tax management practices for corporate executives.

Next Steps

• Continued monitoring of insider transactions for any significant changes in beneficial ownership.
• Observation of future vesting schedules and potential further dispositions or acquisitions of stock by management.

Key Dates

Keywords

Form 4, SEC Filing, Intapp Inc, INTA, David H. Morton Jr., Chief Financial Officer, Stock Transaction, Beneficial Ownership, Restricted Share Units, RSU Vesting, Equity Compensation, Insider Trading