Form 4: Intapp Executive Michele Murgel Reports Stock Option Exercise
SEC Form 4 Filing
Michele Murgel, Chief People & Places Officer at Intapp, Inc., exercised stock options for 20,000 shares at $7.45 on April 23, 2024.
Summary
- On April 23, 2024, Michele Murgel, Chief People & Places Officer of Intapp, Inc., exercised employee stock options to purchase 20,000 shares of common stock at a price of $7.45 per share.
- Following the transaction, Murgel directly owns 153,646 shares of Intapp common stock.
- Murgel also holds options to purchase 12,350 additional shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine disclosure of stock option exercise.
Positives
- The exercise of stock options by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/23/2024 | Date of the stock option exercise. |
| 07/26/2027 | Expiration date of the employee stock options. |
| 04/25/2024 | Date of the Form 4 filing. |
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