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

Intapp director Ralph Baxter exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On November 11, 2024, Intapp director Ralph Baxter exercised options to purchase 5,000 shares of common stock at a price of $3.99 per share.
• Following the exercise, Mr. Baxter sold 2,405 shares at a weighted average price of $59.8924 and 2,595 shares at a weighted average price of $60.1439.
• These transactions were executed under a 10b5-1 trading plan established on November 27, 2023.
• After these transactions, Mr. Baxter directly owns 5,624 shares of common stock and 15,261 employee stock options.

Sentiment

Score: 5

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

Industry Context

This is a routine filing related to insider trading activity, which is common for publicly traded companies. The use of a 10b5-1 plan indicates a pre-planned strategy for trading by the director.

Comparison to Industry Standards

• The use of a 10b5-1 trading plan is a common practice among corporate insiders to avoid accusations of trading on non-public information.
• The reported transactions are typical for directors who hold stock options and periodically exercise and sell shares for personal financial management.
• The price range of the sales is within the normal fluctuations of the stock price.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a pre-planned trading strategy.

Key Dates

Keywords

Form 4, Insider Trading, Stock Options, 10b5-1 Plan, Intapp, Director, Equity Securities