Form 4: Intapp COO Donald F. Coleman Sells Shares to Cover Tax Obligations

Donald F. Coleman, Chief Operating Officer of Intapp, Inc., sold shares of common stock to cover tax liabilities incurred upon the vesting of performance share units.

Summary

• Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., sold shares of the company's common stock on August 20 and 21, 2024.
• The sales were executed to cover tax liabilities arising from the vesting of performance share units granted under the company's 2021 Omnibus Incentive Plan.
• The sales were conducted under a pre-arranged 10b5-1 trading plan established on June 10, 2024.
• On August 20, 2024, 16,533 shares were sold at a weighted average price of $42.2288.
• On August 21, 2024, multiple transactions occurred, including the sale of 17 shares at $41.99, 4,370 shares at a weighted average price of $42.6326, and 2 shares at $43.
• 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.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a routine transaction related to executive compensation and tax obligations. The existence of a 10b5-1 plan mitigates concerns about insider trading based on privileged information.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax liabilities associated with vesting equity awards. The existence of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a company executive could have a minor negative impact on investor sentiment, but the existence of a 10b5-1 plan should mitigate concerns.

Key Dates