Form 4: Intapp Executive Michele Murgel Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Michele Murgel, Chief People & Places Officer at Intapp, Inc., sold a total of 5,170 shares of common stock on March 13 and 14, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Michele Murgel, the Chief People & Places Officer of Intapp, Inc., reported the sale of company stock.
- The transactions occurred on March 13 and 14, 2025.
- A total of 5,170 shares of common stock were sold.
- The sales were executed under a pre-existing 10b5-1 trading plan established on December 12, 2024.
- On March 13, 2025, 1,015 shares were sold at a weighted average price of $60.4593, with prices ranging from $60.02 to $60.60.
- On March 14, 2025, 4,155 shares were sold at a weighted average price of $60.0029, with prices ranging from $60.00 to $60.10.
- Following these transactions, Murgel directly owns 208,624 shares of Intapp, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by an executive. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions executed under a pre-arranged plan.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity. It's common for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information. The information is publicly available and is used by investors to understand the actions of company insiders.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date the 10b5-1 plan was put in place by the Reporting Person |
| 03/13/2025 | Date of first reported transaction: sale of 1,015 shares |
| 03/14/2025 | Date of second reported transaction: sale of 4,155 shares |
| 03/17/2025 | Date of signature on the Form 4 filing |
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