Form 4: Intapp Executive Reports Stock Transactions

David Benjamin Harrison of Intapp, Inc. reported transactions involving the acquisition and disposition of company stock, including the vesting of restricted share units and the withholding of shares for taxes.

Summary

• David Benjamin Harrison, President, Industries at Intapp, Inc., reported several transactions on May 19th and May 20th, 2026.
• These transactions include the acquisition of 8,929 shares of common stock valued at $0 on May 19, 2026.
• On May 20, 2026, there were further acquisitions of common stock totaling 13,890 shares (2,891 + 1,749 + 11,250) through the vesting of restricted share units (RSUs).
• Additionally, 9,740 shares were disposed of on May 20, 2026, for $20.50 per share, which were withheld for taxes upon the vesting of performance share units and RSUs.
• Following these transactions, Harrison beneficially owns 33,586 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it primarily reports routine insider transactions related to executive compensation and tax obligations, without indicating significant changes in beneficial ownership or market-moving events.

Positives

• Vesting of performance share units and RSUs indicates achievement of performance conditions and continued service, leading to the acquisition of company stock.
• The acquisition of 8,929 shares on May 19, 2026, at no cost, suggests these were earned based on performance metrics.
• The vesting of RSUs on May 20, 2026, totaling 13,890 shares, demonstrates continued employee engagement and potential future value realization.

Negatives

• 9,740 shares were disposed of to cover tax obligations, representing a reduction in the number of shares held by the reporting person.

Risks

• The value of the disposed shares ($20.50) could represent a potential opportunity cost if the stock price increases significantly after the tax withholding.
• The vesting schedules for RSUs (e.g., 8.33% on specific dates and quarterly installments) imply that a portion of the equity award is still subject to continued service, creating a retention risk if the executive departs before full vesting.

Future Outlook

The filing details past transactions and does not contain forward-looking statements or guidance regarding future financial performance or stock value.

Management Comments

• Shares of Intapp, Inc. common stock withheld for taxes upon the vesting of performance share units and RSUs granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan.
• RSUs have vested and will vest, subject to continued employment, as to specified percentages on certain dates and in quarterly installments thereafter.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions in the software and cloud services industry, reflecting compensation structures and executive participation in company equity.

Stakeholder Impact

• Shareholders: The transactions reflect standard executive compensation practices and do not inherently signal a change in company strategy or performance. The tax withholding represents a disposition of shares, reducing the reporting person's direct holdings.

Next Steps

• Continued service by the reporting person to satisfy remaining vesting requirements for RSUs.
• Potential future transactions by the reporting person based on vesting schedules and personal financial planning.

Key Dates

Keywords

Form 4, SEC Filing, Intapp Inc, INTA, Stock Transaction, Beneficial Ownership, Restricted Share Units, RSU Vesting, Executive Compensation, Insider Trading