Form 4: Intapp Chief Product Officer Reports Share Transactions Following Vesting of Performance Share Units

Intapp's Chief Product Officer, Thad Jampol, acquired 47,905 shares of common stock and 3,257 restricted share units (RSUs) that vested, while also reporting existing holdings.

Summary

• Thad Jampol, Chief Product Officer at Intapp, Inc., reported several transactions involving the company's stock.
• On November 19, 2024, Jampol acquired 47,905 shares of common stock as a result of performance share units vesting.
• These shares were earned based on the achievement of performance conditions and were subject to service-based vesting requirements that lapsed on November 20, 2024.
• On November 20, 2024, 3,257 restricted share units (RSUs) vested, resulting in the acquisition of 3,257 shares of common stock.
• Jampol also reported indirect ownership of 34,972 shares held by his spouse, 15,028 shares held by the Melita Jampol 2021 Grantor Retained Annuity Trust, and 15,028 shares held by the Thaddeus Jampol 2021 Grantor Retained Annuity Trust.
• Following these transactions, Jampol directly owns 823,574 shares of common stock and 35,843 RSUs.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting. The vesting of performance units suggests the company is meeting its goals, which is a positive sign. There are no negative implications.

Positives

• The vesting of performance share units indicates that performance goals were met, which is a positive sign for the company.
• The vesting of RSUs provides additional equity to the executive, aligning their interests with the company's success.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Management Comments

• The reporting person disclaims beneficial ownership of the securities owned by his spouse, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Industry Context

This is a standard SEC Form 4 filing, which is common for company insiders reporting transactions in their company's stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, and Intapp's filing is consistent with these requirements.
• The vesting of performance share units and RSUs is a common form of executive compensation, aligning management's interests with shareholders.
• Similar filings can be seen from executives at comparable companies such as Black Knight, Inc. and nCino, Inc., which also use equity-based compensation.

Stakeholder Impact

• The transactions reported in this document may have a minor positive impact on shareholders as it indicates that performance goals were met.
• The vesting of shares and RSUs aligns the executive's interests with those of the shareholders.

Key Dates

Keywords

Intapp, Thad Jampol, Form 4, share transactions, performance share units, restricted share units, vesting, insider trading