Form 4: Intapp Director Exercises Options and Sells Shares Under 10b5-1 Plan

Intapp director Ralph Baxter executed stock option exercises and sales of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• Ralph Baxter, a director at Intapp, Inc., engaged in multiple transactions involving the company's common stock.
• These transactions included the exercise of employee stock options and the subsequent sale of shares.
• The transactions were executed under a pre-existing 10b5-1 trading plan established on November 27, 2023.
• On December 10, 2024, Baxter exercised options to acquire 5,000 shares at $3.99 per share and sold 5,000 shares at prices ranging from $67.09 to $69.25.
• On December 11, 2024, Baxter exercised options to acquire 15,711 shares at prices of $3.99 and $7.45 per share and sold 15,711 shares at prices ranging from $70.00 to $70.19.
• The weighted average sale prices were $67.7415, $68.424, $69.23 and $70.0264 per share for the various sales.
• Following these transactions, Baxter's direct holdings of common stock decreased to 9,441 shares, while his holdings of employee stock options decreased to 120,550.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It does not indicate any positive or negative sentiment.

Industry Context

This is a standard Form 4 filing, which is common for corporate insiders who trade company stock. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are a standard requirement for corporate insiders in the US, and the transactions reported here are typical of those made by directors and officers.
• The use of a 10b5-1 plan is a common practice among corporate insiders to manage their stock transactions and avoid potential insider trading issues, similar to practices at companies like Microsoft, Apple, and Google.
• The reported prices are within the typical range for stock transactions of this nature, and the weighted average prices are consistent with market fluctuations.

Stakeholder Impact

• The transactions may have a minor impact on the stock price due to the volume of shares sold, but the impact is likely to be minimal given the pre-arranged nature of the trades.
• Shareholders are informed of insider transactions as required by law.

Key Dates

Keywords

Form 4, Insider Trading, Stock Options, 10b5-1 Plan, Intapp, Ralph Baxter, Equity Securities, Beneficial Ownership