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

Intapp's Chief Operating Officer, Donald F. Coleman, sold shares of common stock on May 21, 2024, to cover tax liabilities incurred from vesting performance share units.

Summary

• Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., sold shares of the company's common stock on May 21, 2024.
• The sales were executed to cover tax liabilities arising from the vesting of performance share units granted under the Intapp, Inc. 2021 Omnibus Incentive Plan.
• The sales were conducted under a pre-arranged 10b5-1 plan established by the company on December 12, 2023.
• A total of 13,542 shares were sold at weighted average prices of $36.744, $37.4514, and $38.187.
• Following the transactions, Coleman directly owns 648,411 shares and indirectly owns 150,000 shares through Gambatte LLC.

Sentiment

Score: 5

Explanation: This is a neutral event. The sale of shares is related to tax obligations and executed under a pre-existing plan, suggesting no change in the executive's long-term outlook on the company.

Industry Context

This is a routine Form 4 filing, indicating insider transactions. It's common for executives to sell shares to cover tax obligations, especially after vesting of stock awards.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the pre-planned nature of the transaction mitigates this concern.

Key Dates