Form 4: Intapp Chief Product Officer Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Thad Jampol, Chief Product Officer of Intapp, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan on April 2, 2025.
Summary
- On April 2, 2025, Thad Jampol, the Chief Product Officer of Intapp, Inc., executed stock options and sold shares of common stock.
- The transactions were carried out under a pre-arranged 10b5-1 trading plan established on December 13, 2024.
- Jampol exercised options to acquire 9,198 shares at $3.99, 63,730 shares at $7.45, and 40,000 shares at $12.
- He then sold 87 shares at $57.99, 25,631 shares at a weighted average price of $58.6205, and 87,210 shares at a weighted average price of $59.4672.
- Following these transactions, Jampol directly owns 857,250 shares of Intapp common stock and indirectly owns 34,972 shares through his spouse.
- He also holds options to purchase 233,575 additional shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports routine transactions under a pre-existing 10b5-1 plan. There's no indication of positive or negative news about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The legal sector is currently experiencing a wave of digital transformation, and Intapp is a key player in providing cloud-based solutions for professional services firms.
Comparison to Industry Standards
- Comparing Intapp to similar SaaS companies in the legal tech space, such as Clio or Litera, would require analyzing their respective insider transaction patterns and stock performance.
- Generally, insider sales are not necessarily negative signals, especially when conducted under pre-arranged plans.
- However, significant or unusual insider selling activity could be interpreted as a lack of confidence in the company's future prospects.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market.
- However, the pre-arranged nature of the sales mitigates concerns about insider information being used.
Key Dates
| Date | Description |
|---|---|
| 12/13/2024 | Date the Reporting Person put in place a 10b5-1 plan |
| 04/02/2025 | Date of earliest transaction (exercise of options and sale of shares) |
| 04/04/2025 | Date of signature on the Form 4 filing |
| 08/27/2025 | Expiration date for some employee stock options |
| 07/26/2027 | Expiration date for some employee stock options |
| 07/29/2030 | Expiration date for some employee stock options |
Keywords
Form 4, Intapp, Stock Options, Thad Jampol, 10b5-1 Plan, Insider Trading, Chief Product Officer, Share Sales
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