Form 4: Intapp COO Donald F. Coleman Executes Option and Sells Shares Under 10b5-1 Plan

Donald F. Coleman, COO of Intapp, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On November 1, 2024, Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., exercised options to purchase 20,000 shares of common stock at a price of $3.99 per share.
• Coleman then sold 14,445 shares at a weighted average price of $49.7117 and 5,555 shares at a weighted average price of $50.2551.
• These transactions were executed under a 10b5-1 trading plan established on March 14, 2024.
• Following these transactions, Coleman directly owns 668,239 shares of Intapp common stock and indirectly owns 150,000 shares through Gambatte LLC.
• He also holds options for 51,615 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-arranged plan. There is no indication of positive or negative sentiment towards the company.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The information is relevant to investors as it provides transparency into management's transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The use of 10b5-1 plans is a common strategy among executives at companies like Intapp and similar firms to manage their stock holdings while complying with insider trading regulations.
• Comparable companies such as Blackbaud or Tyler Technologies would have similar filings when their executives execute stock transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-arranged nature of the sales mitigates concerns about insider information being used.

Key Dates