Form 4: Intapp Executive Michele Murgel Executes Stock Options and Sells Shares Under 10b5-1 Plan

Michele Murgel, Chief People & Places Officer at Intapp, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On September 23 and 24, 2024, Michele Murgel, Chief People & Places Officer of Intapp, Inc., executed stock options and sold shares of common stock.
• The transactions were carried out under a 10b5-1 plan established on June 13, 2024.
• On September 23, 2024, Murgel exercised options to acquire 1,252 shares at $12 per share and sold the same amount at a weighted average price of $50.0024.
• On September 24, 2024, Murgel exercised options to acquire 8,748 shares at $12 per share and sold the same amount at a weighted average price of $50.1264.
• Following these transactions, Murgel directly owns 152,702 shares of Intapp common stock and holds options for 79,283 shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports transactions under a pre-arranged plan. There is no indication of positive or negative implications for the company.

Positives

• The transactions were conducted under a pre-arranged 10b5-1 trading plan, which is generally viewed as a positive corporate governance practice.
• The reporting person still holds a significant amount of shares after the transaction.

Industry Context

Form 4 filings are a routine part of the financial markets, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates