Form 4: Intapp Executive David Benjamin Harrison Reports Significant Stock Transactions
SEC Form 4 Filing
David Benjamin Harrison, President of Industries at Intapp, Inc., reports exercising stock options and selling shares of common stock on August 22 and 23, 2024.
Summary
- On August 22 and 23, 2024, David Benjamin Harrison, President of Industries at Intapp, Inc., engaged in multiple transactions involving Intapp's common stock.
- These transactions included the exercise of employee stock options and the sale of common stock.
- On August 22, Harrison exercised options to acquire 279,019 shares at $12 and 7,961 shares at $26, and sold 286,980 shares at a weighted average price of $43.2042.
- On August 23, Harrison exercised options to acquire 20,981 shares at $12 and 93,383 shares at $7.45, and sold 78,913 shares at a weighted average price of $43.7516, 56,179 shares at a weighted average price of $43.7958, and 58,185 shares at a weighted average price of $44.1328.
- Following these transactions, Harrison directly owns 0 shares of Intapp common stock.
- The reported transactions were executed under Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. Investors often monitor these filings for insights into management's perspective on the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, ensuring transparency in insider trading activities.
- Similar filings are made by executives at companies like Salesforce (CRM), Workday (WDAY), and Veeva Systems (VEEV), which are also in the software and cloud services space.
Stakeholder Impact
- Shareholders may interpret these transactions as a signal of management's confidence or lack thereof in the company's future performance.
- The transactions themselves have a minimal direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 08/22/2024 | Date of initial stock option exercise and sale of shares. |
| 08/23/2024 | Date of subsequent stock option exercise and sale of shares. |
| 08/26/2024 | Date of signature on the Form 4 filing. |
| 07/29/2030 | Expiration date of some employee stock options. |
| 06/28/2031 | Expiration date of some employee stock options. |
| 11/13/2028 | Expiration date of some employee stock options. |
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