Form 4: Intapp CFO Sells 10,000 Shares Under 10b5-1 Plan
Insider Transaction Report
Intapp, Inc.'s Chief Financial Officer, David H. Morton Jr., sold 10,000 shares of common stock for a weighted average price of $40.7572 per share.
Summary
- David H. Morton Jr., Chief Financial Officer of Intapp, Inc. (INTA), reported the sale of 10,000 shares of common stock.
- The transaction occurred on November 24, 2025, and was executed pursuant to a Rule 10b5-1 trading plan established on August 14, 2025.
- The shares were sold at a weighted average price of $40.7572 per share, with individual transaction prices ranging from $40.33 to $41.04.
- Following this transaction, Mr. Morton directly beneficially owns 43,765 shares of Intapp, Inc. common stock.
Sentiment
Score: 5
Explanation: The transaction is a pre-scheduled sale under a 10b5-1 plan, which is generally considered a neutral event as it reflects planned liquidity rather than a reaction to new material information. It does not inherently signal positive or negative sentiment about the company's immediate prospects.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Disclosure | The sale was executed pursuant to a Rule 10b5-1 plan, which allows insiders to set up a pre-arranged schedule for buying or selling company stock to avoid accusations of insider trading. | 08/14/2025 | Enhances transparency and provides an affirmative defense against insider trading allegations for the reporting person, indicating a planned liquidity event rather than a discretionary sale based on recent non-public information. |
Stakeholder Impact
- Shareholders: A minor reduction in insider ownership, but the pre-planned nature of the sale under a 10b5-1 plan typically mitigates concerns about management's confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 08/14/2025 | Date the Rule 10b5-1 trading plan was put in place by the Reporting Person. |
| 11/24/2025 | Date of the reported transaction (sale of common stock). |
| 11/26/2025 | Date the Form 4 filing was signed. |
Recommendation
holdThe sale by the Chief Financial Officer was executed under a pre-arranged 10b5-1 trading plan, which typically indicates a planned liquidity event rather than a reaction to new material non-public information. This type of transaction is generally considered neutral in terms of investment sentiment and does not provide a strong signal for a 'buy' or 'sell' recommendation based solely on this filing.
Keywords
Intapp, INTA, Insider Trading, Form 4, Stock Sale, CFO, 10b5-1 Plan, Equity Transaction
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