INTA.NASDAQIntapp, INC

Form 4: Intapp COO Donald F. Coleman Reports Share Transactions

Sentiment:

SEC Form 4 Filing


Intapp's Chief Operating Officer, Donald F. Coleman, reported the acquisition of 41,875 shares of common stock and the vesting of 3,132 restricted share units.

Summary

  • Donald F. Coleman, Chief Operating Officer of Intapp, Inc., reported several transactions involving the company's stock.
  • On November 19, 2024, Coleman acquired 41,875 shares of common stock as part of a performance-based award.
  • These shares were earned based on the achievement of performance conditions and were certified by the audit committee.
  • On November 20, 2024, 3,132 restricted share units (RSUs) vested, resulting in the acquisition of 3,132 shares of common stock.
  • Coleman also indirectly owns 150,000 shares through Gambatte LLC.
  • Following these transactions, Coleman directly owns 713,246 shares and indirectly owns 150,000 shares.
  • Additionally, Coleman holds 34,468 unvested RSUs.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The transactions are routine and expected, but the vesting of performance-based shares suggests that the company is meeting its goals. The lack of negative information keeps the sentiment from being lower.

Positives

  • The vesting of performance-based shares indicates that performance goals were met.
  • The acquisition of shares by a key executive can be seen as a positive sign of confidence in the company's future.

Future Outlook

The document does not contain any forward-looking statements or guidance.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when insiders make transactions in their company's stock. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

  • Form 4 filings are a standard practice for all publicly traded companies in the US, and Intapp's filing is consistent with these requirements.
  • The vesting of performance-based shares and RSUs is a common form of executive compensation across the technology industry, including companies like Salesforce, Workday, and ServiceNow.

Stakeholder Impact

  • The transactions have a minor positive impact on shareholders as they indicate that performance goals are being met.
  • The vesting of shares is a positive for the executive, Donald F. Coleman.

Key Dates

DateDescription
11/19/2024Donald F. Coleman acquired 41,875 shares of common stock.
11/20/20243,132 restricted share units (RSUs) vested, and service-based vesting requirements lapsed on the 41,875 shares.
11/21/2024Form 4 filing date.

Keywords

Intapp, Donald F. Coleman, share transactions, restricted share units, performance shares, insider trading, Form 4, Gambatte LLC

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