Form 4: Intapp Director Ralph Baxter Executes Stock Options and Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Director Ralph Baxter exercised stock options and sold Intapp shares according to a pre-arranged 10b5-1 trading plan.
Summary
- On August 27 and 28, 2024, Ralph Baxter, a director of Intapp, Inc., executed stock options and sold shares of common stock.
- The transactions were carried out under a 10b5-1 plan established on November 27, 2023.
- On August 27, 2024, Baxter exercised options to acquire 20,739 shares at $3.99 per share and sold 20,739 shares at a weighted average price of $45.0619.
- On August 28, 2024, Baxter exercised options to acquire 9,261 shares at $12 per share and sold 9,261 shares at a weighted average price of $45.1153.
- Following these transactions, Baxter directly owns 5,624 shares of common stock.
- Baxter also holds options to purchase 75,261 shares at $3.99 and 10,739 shares at $12.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily reflect a broader industry trend.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the 10b5-1 plan suggests these were pre-planned.
Key Dates
| Date | Description |
|---|---|
| 2023-11-27 | Date of establishment of the 10b5-1 plan. |
| 2024-08-27 | Date of first transaction: option exercise and sale of shares. |
| 2024-08-28 | Date of second transaction: option exercise and sale of shares. |
| 2024-08-29 | Date of Form 4 filing. |
| 2026-05-10 | Expiration date for options to purchase 20,739 shares at $3.99. |
| 2030-07-29 | Expiration date for options to purchase 9,261 shares at $12. |
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