Form 4: Intapp COO Donald F. Coleman Executes Stock Options 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 November 5th and 6th, 2024, Donald F. Coleman, the COO of Intapp, Inc., exercised employee stock options to purchase a total of 51,615 shares of Intapp common stock at a price of $3.99 per share.
• Simultaneously, Coleman sold the same amount of shares on the open market at weighted average prices of $54.129 and $54.2345, respectively.
• These transactions were executed under a 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.
• The shares underlying the options exercised were fully vested and exercisable as of the transaction dates.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't convey any particularly positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of insider transactions. It's common for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The filing itself doesn't provide specific insight into Intapp's overall performance or competitive positioning within its industry.

Comparison to Industry Standards

• Executive compensation packages often include stock options as a form of long-term incentive.
• The use of 10b5-1 trading plans is a standard practice among corporate executives to manage their stock holdings while complying with insider trading regulations.
• Comparable companies in the software or technology sectors, such as Salesforce or Workday, also see regular Form 4 filings from their executives related to stock option exercises and sales.

Stakeholder Impact

• The transactions may have a minor dilutive effect on existing shareholders.
• The sales provide liquidity to the reporting person.

Key Dates