Form 4: Intapp Executive Michele Murgel Sells Shares Under 10b5-1 Plan
SEC Form 4
Michele Murgel, Chief People & Places Officer at Intapp, Inc., sold shares of common stock on March 17 and 18, 2025, under a pre-arranged 10b5-1 trading plan.
Summary
- Michele Murgel, Chief People & Places Officer of Intapp, Inc., reported the sale of company stock.
- The transactions occurred on March 17 and March 18, 2025.
- A total of 24,100 shares were sold.
- The sales were executed under a 10b5-1 trading plan established on December 12, 2024.
- On March 17, 2025, 23,404 shares were sold at a price of $60.1301 per share.
- On March 18, 2025, 796 shares were sold at a price of $60 per share.
- Following these transactions, Murgel directly owns 184,424 shares of Intapp, Inc.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, which doesn't inherently indicate positive or negative sentiment about the company's future.
Industry Context
Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged. However, investors often monitor insider transactions for signals about a company's prospects.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although sales under 10b5-1 plans are usually anticipated.
Key Dates
| Date | Description |
|---|---|
| 12/12/2024 | Date the 10b5-1 plan was put in place by the Reporting Person |
| 03/17/2025 | Date of the first reported transaction: sale of 23,404 shares at $60.1301 |
| 03/18/2025 | Date of the second reported transaction: sale of 796 shares at $60 |
| 03/19/2025 | Date of signature for the Form 4 filing |
Keywords
Form 4, Intapp, Murgel, Insider Trading, Stock Sale, 10b5-1 Plan, Executive, INTA
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