Form 4: Intapp Chief Marketing Officer Sells Shares for Tax Obligations Under Pre-Arranged 10b5-1 Plan

Intapp's Chief Marketing Officer, Scott Fitzgerald, sold a total of 4,046 shares of common stock over two days in May 2025 to cover tax liabilities from vested equity awards, as part of a pre-arranged 10b5-1 trading plan.

Summary

• Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc. (INTA), reported the sale of 4,046 shares of common stock.
• The sales occurred on May 21, 2025, and May 22, 2025.
• The shares were sold to satisfy tax liabilities incurred upon the vesting of performance share units and restricted share units.
• All transactions were executed pursuant to a Rule 10b5-1 plan established by the company on February 20, 2025.
• On May 21, 2025, 1,143 shares were sold at a weighted average price of $56.7075, and 1,555 shares were sold at a weighted average price of $57.3339.
• On May 22, 2025, 944 shares were sold at a weighted average price of $56.5926, and 404 shares were sold at a weighted average price of $57.1827.
• Following these transactions, Scott Fitzgerald beneficially owns 45,567 shares of Intapp common stock.

Sentiment

Score: 5

Explanation: The insider sales are routine transactions for tax withholding purposes related to equity compensation, executed under a pre-arranged 10b5-1 plan, which typically has a neutral impact on sentiment.

Positives

• The sales were conducted to cover tax liabilities arising from the vesting of equity awards, which is a common and expected reason for insider stock sales.
• The transactions were executed under a pre-arranged Rule 10b5-1 trading plan, indicating that the sales were scheduled in advance and not based on new material non-public information.

Negatives

• The transactions represent a reduction in the direct beneficial ownership of common stock by a key executive.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing details a routine insider transaction for tax purposes, which is a common occurrence across all industries for executives receiving equity compensation. It does not provide broader industry trends or competitive insights.

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, but generally viewed as a routine event with minimal impact on shareholder confidence given the tax-related nature and 10b5-1 plan.

Key Dates

Recommendation

Keywords

Intapp, INTA, Form 4, insider trading, stock sale, equity compensation, 10b5-1 plan, Scott Fitzgerald, Chief Marketing Officer