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

Intapp's Chief Product Officer, Thad Jampol, sold a portion of his shares to cover tax liabilities arising from the vesting of performance and restricted share units.

Summary

• Thad Jampol, Chief Product Officer at Intapp, Inc., sold a total of 5,178 shares of common stock on November 22, 2024.
• The sales were executed in two transactions, with 2,367 shares sold at a weighted average price of $59.6617 and 2,811 shares sold at a weighted average price of $60.2352.
• These sales were made to cover tax liabilities incurred upon 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.
• Following these transactions, Jampol directly owns 798,222 shares of Intapp common stock.
• Jampol also has indirect ownership of 34,972 shares through his spouse, and 30,056 shares through two trusts where he is a trustee.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for an executive to cover tax liabilities. It is neither positive nor negative for the company's performance.

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

• Sales of shares by executives to cover tax liabilities are a common practice across the technology industry.
• Many companies use 10b5-1 trading plans to allow executives to sell shares in a pre-planned manner, avoiding accusations of insider trading.
• The volume of shares sold is relatively small compared to the total shares held by the executive, which is typical for these types of transactions.

Stakeholder Impact

• The share sales have a minimal impact on shareholders as they are routine transactions by an executive.
• The sales do not indicate any change in the company's performance or outlook.

Key Dates

Keywords

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