Form 4: Intapp COO Donald F. Coleman Executes Option and Sells Shares Under 10b5-1 Plan
SEC Form 4
Intapp's Chief Operating Officer, Donald F. Coleman, exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.
Summary
- Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., executed a transaction involving the company's stock on October 15, 2024.
- Coleman exercised an option to purchase 5,000 shares of common stock at a price of $3.99 per share.
- Simultaneously, Coleman sold 5,000 shares of common stock at a weighted average price of $49.2328, with individual sales ranging from $49.00 to $49.37.
- These transactions were executed under a 10b5-1 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.
- Coleman also holds options for 71,615 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction under a pre-arranged plan. There's no indication of anything significantly positive or negative.
Positives
- The use of a 10b5-1 plan suggests a pre-arranged and transparent approach to trading, potentially mitigating concerns about insider trading.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the trading activities of company insiders. The use of 10b5-1 plans is a common practice to allow insiders to sell shares without being accused of acting on non-public information.
Comparison to Industry Standards
- The trading activity is typical for executives at publicly traded companies.
- The use of a 10b5-1 plan is a standard practice to avoid insider trading accusations, similar to plans used by executives at companies like Salesforce (CRM) and Workday (WDAY).
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date the 10b5-1 plan was put in place by the Reporting Person |
| 08/27/2025 | Expiration date of the Employee Stock Option |
| 10/15/2024 | Date of the transaction (option exercise and share sale) |
| 10/17/2024 | Date of signature on the Form 4 filing |
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