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

Intapp's Chief Operating Officer, Donald F. Coleman, executed sales of company stock on February 21 and 24, 2025, to cover tax liabilities incurred from vesting of performance share units and restricted share units.

Summary

• Donald F. Coleman, the Chief Operating Officer of Intapp, Inc., sold shares of the company's common stock on February 21 and 24, 2025.
• The sales were executed to cover tax liabilities arising from the vesting of performance share units and restricted share units.
• The transactions were conducted under a pre-arranged 10b5-1 trading plan established on December 10, 2024.
• On February 21, 2025, Coleman sold a total of 9,235 shares at weighted average prices ranging from $65.8552 to $69.1765.
• On February 24, 2025, he sold 7,653 shares at weighted average prices ranging from $61.845 to $66.1807.
• Following these transactions, Coleman directly owns 421,733 shares and indirectly owns 414,395 shares through the Coleman Family Trust and 150,000 shares through Gambatte LLC.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales by an insider to cover tax obligations. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Sales by company insiders are a common occurrence, especially to cover tax obligations related to equity compensation. The use of a 10b5-1 plan suggests the sales were pre-planned and not based on current market information.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased selling pressure, but the use of a 10b5-1 plan mitigates concerns about insider information being used for trading decisions.

Key Dates