Form 4: Intapp COO Donald F. Coleman Executes Stock Options 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 stock options and sold shares of common stock on August 14 and 15, 2024.
- These transactions were conducted under a 10b5-1 trading plan established on March 14, 2024.
- On August 14, 2024, Coleman exercised options to acquire 10,200 shares at $3.99 per share and sold the same amount at a weighted average price of $39.0021.
- On August 15, 2024, he exercised options to acquire 4,800 shares at $3.99 per share and sold the same amount at a price of $39.1357.
- Following these transactions, Coleman directly owns 648,411 shares of Intapp common stock.
- He also indirectly owns 150,000 shares through Gambatte LLC, an entity controlled by the Coleman Family Trust.
- Coleman also holds options to purchase 241,615 shares of Intapp common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of insider trading activity under a pre-arranged plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider transactions. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of establishment of the 10b5-1 trading plan. |
| 08/14/2024 | Date of first transaction: option exercise and sale of 10,200 shares. |
| 08/15/2024 | Date of second transaction: option exercise and sale of 4,800 shares. |
| 08/16/2024 | Date of Form 4 filing. |
| 08/27/2025 | Expiration date of the employee stock options. |
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