Form 4: Intapp Director George R. Neble Sells 1,500 Shares
SEC Form 4 Filing
Director George R. Neble sold 1,500 shares of Intapp, Inc. common stock at a price of $31.38 per share on April 10, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On April 10, 2024, George R. Neble, a director of Intapp, Inc., sold 1,500 shares of common stock.
- The sale was executed at a price of $31.38 per share.
- Following the transaction, Neble directly owns 29,047 shares of Intapp, Inc.
- The sale was conducted under a 10b5-1 trading plan established on June 8, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine transaction. The use of a 10b5-1 plan suggests the sale was pre-planned and doesn't necessarily reflect a negative outlook on the company.
Industry Context
Sales by company insiders are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 plan suggests the insider planned the transaction in advance to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a director could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 2023-06-08 | Date the 10b5-1 trading plan was put in place by the Reporting Person |
| 2024-04-10 | Date of the transaction (sale of shares) |
| 2024-04-11 | Date of signature for the Form 4 filing |
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