Form 4: Intapp CPO Thad Jampol's Equity Transactions

Intapp's Chief Product Officer, Thad Jampol, reported the vesting of performance share units and restricted stock units, alongside sales of shares to cover tax liabilities.

Summary

• Chief Product Officer Thad Jampol reported equity transactions, including the vesting of performance share units and restricted stock units, and subsequent sales of common stock to cover tax obligations.
• On August 19, 2025, 14,528 shares of common stock were earned from performance share units, certified by the audit committee, with service-based vesting requirements lapsing on August 20, 2025.
• On August 20, 2025, 3,257 shares vested from restricted share units.
• A total of 6,184 shares of common stock were sold on August 20, 2025, to satisfy tax liabilities arising from the vesting events. These sales were executed under a Rule 10b5-1 plan established on May 14, 2025.
• The sales occurred at weighted average prices of $41.8477 (3,780 shares), $42.3552 (2,318 shares), and $43.0935 (86 shares).
• Jampol also received a new grant of 23,700 Restricted Share Units on August 19, 2025, which will vest 8.33% on November 20, 2025, and in 11 equal quarterly installments thereafter.
• Following these transactions, Jampol directly owns 882,402 common shares and 26,072 Restricted Share Units, with an additional 34,972 common shares held indirectly by his spouse.

Sentiment

Score: 7

Explanation: The filing reflects routine insider transactions, including the vesting of performance-based awards and new RSU grants, which are generally positive as they indicate continued executive incentive alignment and performance achievement. The sales are for tax purposes and are expected under a 10b5-1 plan, thus not indicating negative sentiment from the insider.

Positives

• Grant of 23,700 new Restricted Share Units (RSUs) to the Chief Product Officer, indicating continued incentive alignment.
• Vesting of 14,528 performance share units, reflecting achievement of applicable performance conditions.
• Vesting of 3,257 restricted share units, indicating continued employment and equity accumulation.

Negatives

• Sale of 6,184 common shares by a key officer, although explicitly for tax liabilities, reduces direct ownership.

Future Outlook

The filing indicates future vesting schedules for newly granted Restricted Share Units, with 8.33% of shares vesting on November 20, 2025, and subsequent quarterly installments, subject to continued employment.

Management Comments

• The reporting person undertakes to provide to Intapp, Inc., any security holder of Intapp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the reported ranges.

Industry Context

This Form 4 filing details routine insider equity transactions, specifically the vesting of performance and restricted share units and subsequent tax-related stock sales by a Chief Product Officer. Such transactions are common in the technology and software industry, where equity compensation is a significant component of executive pay, aligning management incentives with shareholder value. The use of a Rule 10b5-1 plan for sales is a standard practice to avoid accusations of insider trading.

Related Party Transactions

• Shares held by the reporting person's spouse (34,972 shares) are disclosed, with the reporting person disclaiming beneficial ownership for Section 16 purposes.

Stakeholder Impact

• Shareholders: The vesting of performance-based awards and new RSU grants align executive incentives with shareholder interests. Sales for tax purposes are routine and do not typically signal a change in management's view of the company's prospects.
• Employees: The equity compensation structure, including RSUs and performance share units, is a common incentive for key personnel.

Next Steps

• Continued vesting of 23,700 Restricted Share Units, with the first installment on November 20, 2025, and subsequent quarterly installments.

Key Dates

Recommendation

This Form 4 filing details routine insider equity compensation events, including the vesting of performance and restricted share units and subsequent sales to cover tax liabilities, executed under a pre-arranged 10b5-1 plan. Such transactions are standard for executives and do not typically indicate a change in the company's fundamental outlook or the insider's confidence. The new RSU grant is a positive for incentive alignment. Therefore, based solely on this filing, there is no new information to warrant a change from a 'hold' position, as it confirms expected compensation practices rather than revealing new strategic or financial performance insights.

Keywords

Intapp, INTA, SEC Form 4, Insider Trading, Equity Compensation, Restricted Stock Units, Performance Share Units, Executive Compensation, Thad Jampol, Stock Sales, 10b5-1 Plan