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

Donald F. Coleman, Chief Operating Officer of Intapp, Inc., reports the acquisition and disposal of common stock and restricted share units, including sales to cover tax liabilities.

Summary

• On February 19, 2025, Donald F. Coleman, COO of Intapp, acquired 54,492 shares of Intapp common stock related to performance share units.
• These shares were earned based on the achievement of performance conditions and vested on February 20, 2025.
• On February 20, 2025, Coleman gifted 414,395 shares to the Coleman Family Trust.
• Also on February 20, 2025, 3,132 restricted share units (RSUs) vested.
• Coleman sold a total of 12,501 shares of Intapp common stock on February 20, 2025, at prices ranging from $67.6539 to $72.39 per share.
• These sales were executed under a 10b5-1 plan to cover tax liabilities associated with the vesting of performance share units and RSUs.
• Following these transactions, Coleman directly owns 438,721 shares and indirectly owns 414,395 shares through the Coleman Family Trust and 150,000 shares through Gambatte LLC.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There's no indication of unusual activity or concern.

Positives

• The vesting of performance share units indicates that performance goals were met.

Negatives

• The sale of shares, even for tax purposes, could be perceived negatively by some investors.

Risks

• Sales of shares by insiders, even if planned, can sometimes create short-term price volatility.

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the remaining restricted share units.

Industry Context

Insider transactions are a normal part of corporate governance. The use of a 10b5-1 plan suggests a proactive approach to compliance with insider trading regulations.

Comparison to Industry Standards

• Monitoring insider transactions is standard practice in the financial industry.
• Companies like Salesforce, Workday, and ServiceNow also see regular Form 4 filings from their executives.
• The volume of shares traded and the reasons for the transactions (e.g., vesting, tax obligations) are typical for executives in publicly traded companies.

Related Party Transactions

• The gift of shares to the Coleman Family Trust is a related-party transaction.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders, as they are related to executive compensation and tax planning.

Key Dates

Keywords

Intapp, Donald F. Coleman, Form 4, insider trading, stock sale, restricted share units, performance share units, Coleman Family Trust, Gambatte LLC, 10b5-1 plan