Form 4: Intapp's Chief Product Officer, Thad Jampol, Executes Option and Sells Shares Under 10b5-1 Plan

Thad Jampol, Chief Product Officer of Intapp, Inc., exercised stock options and sold shares of common stock under a pre-arranged 10b5-1 trading plan.

Summary

• On October 8, 2024, Thad Jampol, the Chief Product Officer of Intapp, Inc., exercised options to purchase 20,000 shares of common stock at a price of $3.99 per share.
• Jampol then sold 3,305 shares at a weighted average price of $44.8807 and 16,695 shares at a weighted average price of $45.1265.
• These transactions were executed under a 10b5-1 trading plan established on December 13, 2023.
• Following these transactions, Jampol directly owns 772,412 shares of Intapp common stock.
• Jampol also has indirect ownership of 34,972 shares held by his spouse, 15,028 shares held by the Melita Jampol 2021 Grantor Retained Annuity Trust, and 15,028 shares held by the Thaddeus Jampol 2021 Grantor Retained Annuity Trust.
• He also owns 109,198 employee stock options.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity under a pre-arranged plan. It doesn't necessarily indicate positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.

Comparison to Industry Standards

• It's difficult to compare this specific transaction to industry standards without knowing the specifics of Jampol's compensation package and financial planning.
• However, the use of 10b5-1 plans is a common practice among executives at publicly traded companies, including competitors of Intapp.
• Comparable companies such as Thomson Reuters, RELX Group, and Wolters Kluwer also have executives who utilize similar trading plans.

Stakeholder Impact

• The sale of shares by a key executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
• The impact on other stakeholders (employees, customers, suppliers, creditors) is likely to be minimal.

Key Dates