[144] Houlihan Lokey, Inc. SEC Filing

Rhea-AI Filing Summary

Intapp, Inc. (INTA) – Form 4 insider filing

CEO and Director John T. Hall reported the exercise of 23,060 employee stock options on 06/26/2025 (transaction code M). The options carried an exercise price of $7.45 per share and were already fully vested. The transaction converted the derivative holding into the same number of common shares, increasing Hall’s direct share ownership to 5,489,695 shares.

Following the exercise, Hall still holds 722,550 remaining stock options that can be exercised until 07/26/2027.

• Security type: Common stock acquired via option exercise
• Ownership form: Direct
• Nature of filing: Form submitted by one reporting person; no Rule 10b5-1 plan indicated

The filing signals continued equity exposure by the CEO, though the transaction stems from option exercise rather than an open-market purchase.

Positive

• CEO increased direct common-stock holdings by 23,060 shares, choosing to retain the stock instead of selling upon option exercise.
• Significant total ownership of 5,489,695 shares reflects continued alignment between management and shareholders.

Negative

• None.

Insights

Securities Analyst

TL;DR: CEO exercised 23,060 options at $7.45, boosting direct stake to 5.49 M shares; modestly positive insider-confidence signal.

The M-coded conversion is a routine options exercise, not a discretionary market buy, so cash outlay is limited to the option strike. Nevertheless, Hall elected to hold the resulting shares, which now represent a sizeable 5.49 million-share direct stake, indicating alignment with shareholders. No shares were sold in the filing, and 722,550 options remain outstanding. Given the limited size of the transaction relative to his existing stake, market impact should be neutral to mildly positive.

Corporate Governance Expert

TL;DR: Routine option exercise; CEO maintains significant skin-in-the-game, no governance red flags detected.

Hall’s filing shows compliance with Section 16 requirements and maintains transparency of executive equity holdings. Holding the acquired shares rather than selling supports shareholder-management alignment. There is no indication of a Rule 10b5-1 plan or other pre-arranged selling mechanism. From a governance perspective, the transaction is standard and does not introduce new risk factors.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	5000	914028.50	53789857	06/30/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/13/2015	Restricted stock vesting under a registered plan	Issuer			5000	08/13/2015	Services Rendered

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider transaction did INTA disclose on Form 4?

CEO John T. Hall exercised 23,060 employee stock options at $7.45 on 06/26/2025 and retained the resulting shares.

How many Intapp shares does the CEO now own directly?

Following the transaction, Hall holds 5,489,695 common shares directly.

What is transaction code "M" on a Form 4?

Code M denotes the conversion of a derivative security, in this case an employee stock option, into common stock.

What options remain outstanding for the CEO after the exercise?

Hall still holds 722,550 employee stock options that are exercisable until 07/26/2027.

Did the filing involve any open-market sales of INTA stock?

No. The Form 4 shows only an option exercise and share acquisition; no shares were sold.