Form 4: Intapp Director Ralph Baxter Exercises Options and Sells Shares
SEC Form 4 Filing
Director Ralph Baxter executed options and sold Intapp, Inc. shares under a pre-arranged 10b5-1 trading plan.
Summary
- On August 14, 2024, Ralph Baxter, a director of Intapp, Inc., exercised options to purchase 5,000 shares of common stock at a price of $12 per share.
- Baxter then sold 821 shares at a weighted average price of $35.8689, 3,778 shares at a weighted average price of $36.2944, and 401 shares at a weighted average price of $37.2742.
- These transactions were executed under a 10b5-1 trading plan established on November 27, 2023.
- Following these transactions, Baxter directly owns 5,624 shares of Intapp, Inc. common stock.
- Baxter also owns 20,000 derivative securities.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine transactions under a pre-arranged trading plan. There is no indication of positive or negative implications for the company.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives and directors to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Key Dates
| Date | Description |
|---|---|
| 11/27/2023 | Date of 10b5-1 plan establishment |
| 08/14/2024 | Date of option exercise and stock sales |
| 07/29/2030 | Expiration date of Employee Stock Option |
| 08/16/2024 | Date of signature on the Form 4 filing |
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