Form 4: Intapp COO Donald F. Coleman Executes Stock Options 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 stock options and sold shares of common stock on September 19 and 20, 2024.
• The transactions were conducted under a 10b5-1 plan established on March 14, 2024.
• On September 19, 2024, Coleman exercised options to acquire 31,679 shares at $3.99 per share and sold the same amount at a weighted average price of $49.0924.
• On September 20, 2024, Coleman exercised options to acquire 58,003 shares at $3.99 per share and sold the same amount at a weighted average price of $49.3149.
• Following these transactions, Coleman directly owns 668,239 shares of Intapp common stock.
• Coleman also indirectly owns 150,000 shares through Gambatte LLC, an entity controlled by the Coleman Family Trust.
• After the transactions, Coleman directly holds options to purchase 179,936 and 121,933 shares of common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions executed under a pre-existing 10b5-1 plan. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the COO in this case, trade 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 the trading was pre-planned and not based on any inside information at the time of the transactions.

Comparison to Industry Standards

• Comparing Intapp's insider trading activity to companies like Blackbaud, a competitor in the legal tech space, shows similar patterns of executives utilizing 10b5-1 plans for stock transactions.
• Looking at companies such as Thomson Reuters, a larger player in the information services industry, reveals that executive compensation often includes stock options, leading to periodic Form 4 filings.
• The volume of shares traded by Coleman is within the typical range for C-level executives in similarly sized tech companies.

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 information.
• Employees may view the transactions as a routine part of executive compensation.

Key Dates