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

Thad Jampol, Chief Product Officer of Intapp, Inc., sold shares of common stock to cover tax liabilities incurred from vesting of performance share units and restricted share units.

Summary

• Thad Jampol, the Chief Product Officer of Intapp, Inc., reported the sale of Intapp common stock on February 21, 2025, and February 24, 2025.
• The sales were executed to cover tax liabilities arising from the vesting of performance share units and restricted share units.
• The sales were conducted under a pre-arranged 10b5-1 trading plan established on December 10, 2024.
• On February 21, 2025, a total of 11,111 shares were sold at weighted average prices ranging from $65.8552 to $69.1765.
• On February 24, 2025, a total of 9,379 shares were sold at weighted average prices ranging from $61.845 to $66.1807.
• Following these transactions, Jampol directly owns 857,250 shares of Intapp common stock.
• Jampol's spouse also holds 34,972 shares of Intapp common stock, but Jampol disclaims beneficial ownership of these shares.

Sentiment

Score: 6

Explanation: The document is neutral in sentiment. It simply reports stock sales by an executive to cover tax obligations, which is a common and expected practice.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations, especially after vesting of stock awards. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The use of 10b5-1 trading plans is a common method for insiders to sell shares without raising concerns about insider trading, aligning with best practices in corporate governance.
• The size of the transactions is relatively small compared to the total shares owned by the reporting person, which is typical for tax-related sales.

Stakeholder Impact

• The stock sales could have a minor, temporary impact on the stock price due to increased selling pressure.
• The use of a 10b5-1 plan mitigates concerns about insider trading, reassuring investors that the sales were pre-planned and not based on privileged information.

Key Dates