Form 4: Intapp COO Donald F. Coleman Executes Option and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
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
- On September 23, 2024, Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., exercised stock options to acquire 30,318 shares of common stock at a price of $3.99 per share.
- Simultaneously, Coleman sold 30,318 shares of Intapp common stock at a weighted average price of $49.4297 per share, with individual sales ranging from $49.01 to $49.99.
- These transactions were executed under a pre-arranged 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.
- Coleman also holds options to purchase 91,615 shares of Intapp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The filing does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends. It indicates activity by a key executive at Intapp, a company in the legal and professional services software space.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and the information disclosed is consistent with regulatory requirements.
- The use of a 10b5-1 trading plan is a common strategy for corporate insiders to manage their stock transactions while avoiding accusations of insider trading.
- Comparable companies such as Blackbaud or Tyler Technologies also have executives who utilize 10b5-1 plans.
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 suggests the transactions were planned and not based on inside information.
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. |
| 09/23/2024 | Date of the transaction (option exercise and share sale). |
| 09/25/2024 | Date of signature on the Form 4 filing. |
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