Form 4: Intapp Chief Marketing Officer Sells Shares Under 10b5-1 Plan

Intapp's Chief Marketing Officer, Scott Fitzgerald, sold a total of 3,000 shares of common stock on December 2, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Scott Fitzgerald, Chief Marketing Officer of Intapp, Inc., executed sales of company stock on December 2, 2024.
• The sales were conducted under a pre-existing 10b5-1 trading plan established on March 15, 2024.
• A total of 3,000 shares were sold in multiple transactions at weighted average prices of $62.6417, $63.6756, and $64.1295.
• The sales resulted in a reduction of Fitzgerald's direct holdings of Intapp common stock.
• The remaining holdings after the transactions were 42,212 shares.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock sales by an executive under a pre-arranged plan. It doesn't indicate any positive or negative sentiment about the company's performance.

Risks

• Sales by company executives can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

The filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan is a standard practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among executives at publicly traded companies, such as those in the technology sector like Salesforce or Adobe, to manage their stock sales while avoiding accusations of insider trading.
• Similar filings are regularly made by executives at comparable companies, such as Workday or ServiceNow, when they sell shares of their company's stock.

Stakeholder Impact

• The stock sales may have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates

Keywords

Intapp, stock sale, 10b5-1 plan, insider trading, Scott Fitzgerald, Chief Marketing Officer, securities transaction