Form 4: Intapp Chief Product Officer Thad Jampol Reports Share Transactions
SEC Form 4 Filing
Thad Jampol, Chief Product Officer of Intapp, Inc., reports the acquisition and disposal of common stock and restricted share units, including sales to cover tax liabilities.
Summary
- On February 19, 2025, Thad Jampol acquired 61,397 shares of Intapp common stock related to performance share units.
- On February 20, 2025, 3,257 restricted share units vested.
- Also on February 20, 2025, Jampol sold a total of 14,761 shares of common stock at prices ranging from $67.6539 to $72.39 per share.
- These sales were executed under a 10b5-1 plan established on December 10, 2024, to cover tax liabilities.
- Following these transactions, Jampol directly owns 877,690 shares of Intapp common stock and indirectly owns 34,972 shares through his spouse.
- He also holds 32,586 restricted share units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to equity compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Executive stock sales to cover tax obligations upon vesting of equity awards are a common practice across the technology industry.
- The use of 10b5-1 plans is a standard method for executives to sell shares in compliance with insider trading laws, allowing for pre-planned sales at predetermined times and prices.
- Comparable companies such as Salesforce, Workday, and ServiceNow also see regular Form 4 filings from their executives related to stock option exercises and sales.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the increased supply of shares in the market from the sales.
- Employees holding similar equity grants may be interested in the details of the vesting and tax implications.
Key Dates
| Date | Description |
|---|---|
| 12/10/2024 | Date of establishment of the 10b5-1 plan. |
| 02/19/2025 | Date of acquisition of 61,397 shares of common stock. |
| 02/20/2025 | Date of RSU vesting and sale of common stock. |
| 02/21/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Intapp, Thad Jampol, Share Transactions, Restricted Share Units, Common Stock, 10b5-1 Plan, Beneficial Ownership
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