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

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

Summary

• On October 1, 2024, Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., exercised employee stock options to acquire 15,000 shares of common stock at a price of $3.99 per share.
• Concurrently, Coleman sold 11,108 shares at a weighted average price of $47.6062 and 3,892 shares at a weighted average price of $48.2302.
• These transactions were executed under a 10b5-1 trading plan established on March 14, 2024.
• Following these transactions, Coleman directly owns 668,239 shares and indirectly owns 150,000 shares through Gambatte LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing simply reports transactions under a pre-existing plan, which is a normal course of business. There's no indication of positive or negative sentiment towards the company's prospects.

Positives

• The transactions were executed under a pre-arranged 10b5-1 trading plan, which is generally viewed as a transparent and compliant way for insiders to sell shares.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's value and future prospects. The use of a 10b5-1 plan suggests a planned and orderly approach to selling shares.

Comparison to Industry Standards

• Comparing Coleman's transactions to other executives in similar software companies, the use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.
• The size of the transaction is relatively small compared to the overall outstanding shares of Intapp, suggesting it is unlikely to have a significant impact on the stock price.
• Similar transactions can be seen with executives at companies like Salesforce, Workday, and ServiceNow, where pre-planned stock sales are regularly disclosed.

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