Form 4: Intapp Executive Sells Shares Under 10b5-1 Plan

Intapp's President of Industries, David Benjamin Harrison, sold 22,373 shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• David Benjamin Harrison, President of Industries at Intapp, Inc., sold a total of 22,373 shares of Intapp common stock on December 13, 2024.
• The sales were executed under a 10b5-1 trading plan established on September 13, 2024.
• The shares were sold in multiple transactions at weighted average prices of $68.7058 and $69.5151.
• The first batch of 17,770 shares were sold at prices ranging from $68.24 to $68.995.
• The second batch of 4,603 shares were sold at prices ranging from $69.00 to $69.88.

Sentiment

Score: 5

Explanation: The document is neutral, reporting a routine stock sale under a pre-arranged plan. It doesn't indicate any positive or negative sentiment.

Risks

• Executive stock sales can sometimes be perceived negatively by the market, potentially impacting the stock price.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 plans is a standard practice among publicly traded companies to allow insiders to sell shares without the appearance of trading on non-public information.
• Similar filings are regularly made by executives at comparable companies such as Salesforce, Workday, and ServiceNow.

Stakeholder Impact

• The stock sale may have a minor impact on shareholder sentiment, but it is unlikely to have a significant effect due to the pre-planned nature of the transactions.

Key Dates

Keywords

Intapp, stock sale, Form 4, 10b5-1 plan, insider trading, David Benjamin Harrison, executive stock