INTA.NASDAQIntapp, INC

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

Sentiment:

SEC Form 4 Filing


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

Summary

  • On September 3, 2024, Scott Fitzgerald, the Chief Marketing Officer of Intapp, Inc., sold 3,000 shares of the company's common stock.
  • The sales were executed in two transactions, with 1,700 shares sold at a weighted average price of $44.4039 and 1,300 shares sold at a weighted average price of $45.3538.
  • These transactions were conducted under a 10b5-1 trading plan established by Fitzgerald on March 15, 2024.
  • Following the reported transactions, Fitzgerald directly owns 43,899 shares of Intapp, Inc.
  • The reporting person undertakes to provide full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the stock sale was conducted under a pre-arranged 10b5-1 plan, suggesting it was not based on any recent change in the executive's outlook on the company.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often monitor these sales for insights into management's perspective on the company's valuation and future prospects. The use of a 10b5-1 plan indicates that these sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

  • The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased selling pressure.
  • The impact on employees, customers, suppliers, and creditors is expected to be minimal.

Key Dates

DateDescription
03/15/2024Date the Reporting Person put in place a 10b5-1 plan
09/03/2024Date of the stock sale transactions
09/05/2024Date of the Form 4 filing

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