Form 4: Intapp Chief Product Officer Thad Jampol Reports Share Transactions

Thad Jampol, Chief Product Officer of Intapp, Inc., reports the acquisition and disposal of company shares related to performance share units and tax obligations.

Summary

• On May 17, 2024, Thad Jampol acquired 46,772 shares of Intapp common stock related to performance share units.
• These shares were earned based on the achievement of performance conditions and certified by the audit committee.
• The shares were subject to service-based vesting requirements that lapsed on May 20, 2024.
• On May 20, 2024, Jampol sold 9,337 shares at an average price of $36.8759 to cover tax liabilities incurred upon the vesting of the performance share units.
• The sale was executed under a 10b5-1 plan established on December 12, 2023.
• Following these transactions, Jampol directly owns 765,194 shares of Intapp common stock.
• Jampol also has indirect ownership through his spouse (34,972 shares) and two trusts (15,028 shares each).

Sentiment

Score: 6

Explanation: The document primarily reports routine transactions related to executive compensation and tax obligations. The acquisition of shares based on performance is a slightly positive signal, but the sale to cover taxes is neutral.

Positives

• The acquisition of shares reflects the achievement of performance conditions, suggesting positive performance by the company.
• The use of a 10b5-1 plan for selling shares demonstrates a proactive approach to managing tax liabilities and avoiding insider trading concerns.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives and directors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
• The use of 10b5-1 trading plans is a common practice among executives to avoid accusations of insider trading, aligning with industry best practices for corporate governance.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding executive compensation and share ownership.
• The use of a 10b5-1 plan helps ensure fair trading practices, benefiting all stakeholders.

Key Dates