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

Intapp's Chief Marketing Officer, Scott Fitzgerald, sold a portion of his common stock to cover tax liabilities arising from the vesting of performance and restricted share units.

Summary

• Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc., sold 613 shares of common stock at a weighted average price of $59.6617 and 727 shares at a weighted average price of $60.2352 on November 22, 2024.
• These sales were executed to cover tax liabilities incurred from the vesting of performance share units and restricted share units.
• The sales were conducted under a pre-arranged 10b5-1 trading plan established by the company on June 10, 2024.
• The shares were sold in multiple transactions within price ranges of $59.16 to $59.998 and $60.00 to $60.74 respectively.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax liabilities when stock options or restricted stock units vest.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among publicly traded companies to allow insiders to sell shares without concerns about insider trading violations.
• The sale of shares to cover tax liabilities is a standard practice for executives receiving equity compensation, and the amounts sold are not unusual for a company of Intapp's size and stage.

Stakeholder Impact

• The stock sales have a minimal impact on shareholders as they are routine transactions by an executive to cover tax obligations.

Key Dates

Keywords

Intapp, stock sale, insider trading, Form 4, 10b5-1 plan, executive compensation, share units, tax liability