Form 4: Intapp Officer Reports Equity Compensation Transactions

Intapp's Chief People & Places Officer, Michele Murgel, reported the vesting of performance share units and restricted stock units, alongside a sale of shares for tax withholding.

Summary

• Michele Murgel, Chief People & Places Officer of Intapp, Inc. (INTA), reported several equity transactions.
• On November 19, 2025, 7,421 shares of common stock were acquired at a price of $0, representing shares earned from performance share units (PSUs) certified by the audit committee.
• On November 20, 2025, 2,766 shares of common stock were acquired at a price of $0 due to the vesting of restricted share units (RSUs).
• Also on November 20, 2025, an additional 1,674 shares of common stock were acquired at a price of $0 due to the vesting of other restricted share units (RSUs).
• On November 20, 2025, 6,027 shares of common stock were disposed of at a price of $40.57 to cover tax obligations upon the vesting of PSUs and RSUs.
• Following these transactions, Michele Murgel beneficially owns 199,219 shares of Intapp, Inc. common stock directly.
• Remaining derivative securities beneficially owned include 19,372 and 18,426 Restricted Share Units, each representing a contingent right to receive one share of common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, including the vesting of equity awards and subsequent tax withholding. These events are generally neutral in terms of market sentiment as they are pre-scheduled and expected.

Positives

• The vesting of 7,421 performance share units indicates the achievement of applicable performance conditions, as certified by the audit committee.
• The vesting of 2,766 and 1,674 restricted share units demonstrates continued employment and the fulfillment of service-based vesting requirements.

Negatives

• A disposition of 6,027 shares of common stock occurred to satisfy tax withholding obligations, reducing direct share ownership.

Future Outlook

The filing indicates future vesting events for remaining Restricted Share Units, subject to continued employment, with installments scheduled quarterly after initial vesting dates of November 20, 2024, and November 20, 2025.

Industry Context

These transactions are routine for executives receiving equity-based compensation, reflecting the standard practice of vesting schedules and tax withholding upon the conversion of performance and restricted share units into common stock. Such compensation structures are common across the technology and software industry to align executive incentives with company performance and long-term shareholder value.

Stakeholder Impact

• Shareholders: The transactions represent a routine change in an executive's direct ownership, with a slight reduction due to tax withholding, which is a common practice and generally has minimal impact on overall shareholder value.
• Employees (specifically Michele Murgel): The vesting of PSUs and RSUs represents a realization of compensation, aligning executive interests with company performance and retention.

Next Steps

• Remaining Restricted Share Units (RSUs) will continue to vest in 11 equal quarterly installments following their initial vesting dates of November 20, 2024, and November 20, 2025, subject to continued employment.

Key Dates

Keywords

Intapp, INTA, Form 4, Insider Transaction, Equity Compensation, Restricted Share Units, Performance Share Units, Executive Compensation, Stock Vesting, Tax Withholding