Form 4: Intapp CFO's Stock Transactions Include RSU Vesting

Intapp, Inc.'s Chief Financial Officer, David H. Morton Jr., reported routine insider transactions including RSU vesting, new grants, and sales for tax liabilities.

Summary

• David H. Morton Jr., Chief Financial Officer of Intapp, Inc. (INTA), reported changes in his beneficial ownership of company securities.
• Acquired 15,347 shares of common stock on August 19, 2025, which were earned based on performance conditions and subject to service-based vesting requirements that lapsed on August 20, 2025.
• Purchased 233 shares of common stock at $46.85 through the Intapp, Inc. 2021 Employee Stock Purchase Plan (ESPP) for the period of December 1, 2024, through May 31, 2025.
• Acquired an additional 4,548 and 8,699 shares of common stock on August 20, 2025, due to the vesting of Restricted Share Units (RSUs).
• Sold a total of 9,943 shares of common stock on August 20, 2025, at weighted average prices ranging from $41.8477 to $43.0935.
• The sales were conducted under a Rule 10b5-1 plan, established on May 14, 2025, to cover tax liabilities incurred upon the vesting of performance share units and RSUs.
• Received a new grant of 33,000 Restricted Share Units (RSUs) on August 19, 2025, which will vest over approximately three years, with the first installment on November 20, 2025.
• Following these transactions, direct beneficial ownership of Intapp, Inc. common stock is 51,623 shares.
• The total number of unvested Restricted Share Units (RSUs) beneficially owned is 78,288 units.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to compensation and tax planning, which are neutral in sentiment and do not indicate significant positive or negative company performance or outlook.

Positives

• The Chief Financial Officer received a new grant of 33,000 Restricted Share Units, aligning his long-term interests with the company's performance.
• The acquisition of 15,347 shares from performance-based vesting indicates the achievement of applicable performance conditions by the company.
• Participation in the Employee Stock Purchase Plan (ESPP) by acquiring 233 shares at a discounted price of $46.85 demonstrates continued employee investment and confidence in the company.

Negatives

• The sale of 9,943 shares, although for tax liabilities, reduces the Chief Financial Officer's direct equity stake in the company.

Future Outlook

The newly granted Restricted Share Units (RSUs) will vest over approximately three years, with the first installment on November 20, 2025, subject to continued employment. Other existing RSUs will continue to vest quarterly, with initial vesting dates of November 20, 2024.

Management Comments

• Shares were sold for tax liability incurred upon the vesting of performance share units and RSUs granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan.
• Sales were conducted pursuant to a 10b5-1 plan put in place by the company on May 14, 2025.

Industry Context

This filing details routine insider compensation and tax-related stock transactions, which are common across all publicly traded companies. It does not provide information on broader industry trends or competitive positioning.

Corporate Governance

Next Steps

• Continued vesting of 33,000 Restricted Share Units, with the first installment on November 20, 2025, and subsequent quarterly installments.
• Continued vesting of other previously granted Restricted Share Units on a quarterly basis.

Key Dates

Keywords

Intapp, INTA, Form 4, insider trading, beneficial ownership, CFO, Restricted Share Units, RSU, performance shares, employee stock purchase plan, 10b5-1 plan