Form 4: Intapp Chief Marketing Officer Sells 3,000 Shares Under 10b5-1 Plan
SEC Form 4 Filing
Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc., sold 3,000 shares of common stock on January 2, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- On January 2, 2025, Scott Fitzgerald, the Chief Marketing Officer of Intapp, Inc., sold 3,000 shares of the company's common stock.
- The sale was executed under a 10b5-1 trading plan established on March 15, 2024.
- The shares were sold at a weighted average price of $64.3755, with individual transaction prices ranging from $63.91 to $64.65.
- Following the transaction, Fitzgerald directly owns 39,212 shares of Intapp, Inc.
- The reporting person will provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2) upon request.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing 10b5-1 plan. There's no indication of positive or negative implications for the company.
Industry Context
Sales by insiders are a common occurrence, especially when executed under pre-arranged 10b5-1 trading plans. These plans allow insiders to sell shares over a period of time without being accused of trading on non-public information. The market typically views these sales in the context of the overall trading volume and the company's performance.
Stakeholder Impact
- The sale of shares by a company officer could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date the 10b5-1 plan was put in place by the Reporting Person |
| 01/02/2025 | Date of the transaction (stock sale) |
| 01/06/2025 | Date of signature on the Form 4 filing |
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