Form 4: Intapp Executive David Benjamin Harrison Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David Benjamin Harrison, President of Industries at Intapp, Inc., sold shares of common stock on February 21 and 24, 2025, to cover tax liabilities incurred from vesting of performance share units and restricted share units.
Summary
- David Benjamin Harrison, President, Industries at Intapp, Inc., reported the sale of Intapp common stock on February 21 and 24, 2025.
- The sales were executed to cover tax liabilities arising from the vesting of performance share units and restricted share units.
- The sales were conducted under a pre-arranged 10b5-1 trading plan established on December 10, 2024.
- On February 21, 2025, a total of 9,327 shares were sold at weighted average prices ranging from $65.8552 to $69.1765.
- On February 24, 2025, a total of 7,730 shares were sold at weighted average prices ranging from $61.845 to $66.1807.
- Following these transactions, Harrison directly owns 27,971 shares of Intapp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The sale of shares by an executive could be perceived neutrally or slightly negatively by shareholders, depending on the context and the overall market sentiment.
Key Dates
| Date | Description |
|---|---|
| 2024-12-10 | Date of establishment of the 10b5-1 trading plan. |
| 2025-02-21 | Date of first reported transaction (sale of shares). |
| 2025-02-24 | Date of second reported transaction (sale of shares). |
| 2025-02-25 | Date of signature on the Form 4 filing. |
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