Form 4: Intapp Chief Marketing Officer Sells Shares to Cover Tax Obligations

Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc., sold shares of common stock on May 21, 2024, to cover tax liabilities incurred upon the vesting of performance share units.

Summary

• On May 21, 2024, Scott Fitzgerald, the Chief Marketing Officer of Intapp, Inc., sold shares of the company's common stock.
• The sales were executed in multiple transactions at weighted average prices of $36.744, $37.4514, and $38.187.
• A total of 1,982 shares were sold at $36.744, 330 shares at $37.4514, and 253 shares at $38.187.
• These sales were conducted under a pre-arranged 10b5-1 trading plan established by Intapp on December 12, 2023.
• The purpose of the sales was to cover tax liabilities arising from the vesting of performance share units granted under the company's 2021 Omnibus Incentive Plan.
• Following these transactions, Fitzgerald directly owns 43,944 shares of Intapp common stock.

Sentiment

Score: 6

Explanation: The document is neutral in tone, simply reporting a routine transaction. The sale was pre-planned under a 10b5-1 plan, mitigating concerns about insider information.

Industry Context

Sales by company executives are a normal part of corporate governance. The fact that the sale was executed under a pre-arranged 10b5-1 trading plan suggests that the sale was planned and not based on any inside information.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the pre-planned nature of the sale mitigates this concern.

Key Dates