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
- Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., executed a transaction involving the company's common stock on August 23, 2024.
- Coleman exercised an option to purchase 15,000 shares of common stock at a price of $3.99 per share.
- Simultaneously, Coleman sold 15,000 shares of common stock at a weighted average price of $44.026 per share, with individual sales ranging from $44.00 to $44.21.
- 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 for 226,615 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing insider transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions. It's common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the 10b5-1 plan suggests a planned and orderly process.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date the Reporting Person put in place a 10b5-1 plan |
| 08/23/2024 | Date of the stock option exercise and sale of shares. |
| 08/27/2024 | Date of signature on the Form 4 filing. |
| 08/27/2025 | Expiration date of the Employee Stock Option. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.