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

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 June 13, 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 $35.3728, with individual sales ranging from $35.07 to $35.68.
• These transactions were executed under a pre-arranged 10b5-1 trading plan established on March 14, 2024.
• Following these transactions, Coleman directly owns 648,411 shares of Intapp common stock and indirectly owns 150,000 shares through Gambatte LLC.
• Coleman also holds options for 266,615 shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Positives

• The use of a 10b5-1 plan suggests a pre-planned and transparent approach to trading, potentially mitigating concerns about insider trading.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, although the use of a 10b5-1 plan can help alleviate these concerns.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Executive compensation packages often include stock options and equity grants to align management's interests with those of shareholders.
• The sale of shares by executives is a normal occurrence, especially when part of a pre-arranged trading plan.
• Comparing Coleman's holdings and trading activity to those of executives at similar companies (e.g., legal tech firms like Clio or Thomson Reuters' legal division) would provide additional context.

Stakeholder Impact

• The transactions may have a minor impact on shareholders, depending on market perception of insider sales.
• The use of a 10b5-1 plan aims to ensure fair and transparent trading practices.

Key Dates