[144] Intapp, Inc. SEC Filing
Insider sale notice for INTA: This Form 144 shows proposed and recent sales of Intapp, Inc. common stock by an insider identified as John T Hall. The filing notifies a proposed sale of 19,515 shares through Morgan Stanley Smith Barney on NASDAQ, with an aggregate market value of $817,678.50 and approximately 82,120,030 shares outstanding referenced.
The acquisition table shows restricted stock units (4,178 shares) and performance stock units (15,337 shares) both acquired on 08/20/2025 from the issuer, with payment recorded that same date. The filing lists multiple recent sales by John T Hall during May–August 2025, including several 10b5-1 plan sales totaling large share amounts and gross proceeds reported for each transaction.
- Disclosure compliance: The filing provides required notice of proposed insider sales and lists recent transactions, demonstrating regulatory transparency.
- Use of 10b5-1 plans: Multiple sales are executed under 10b5-1 plans, indicating prearranged trades rather than opportunistic insider timing.
- Insider selling volume: Significant insider sales are disclosed (including an 80,000-share 10b5-1 sale), which increases available float and may be perceived negatively by some investors.
- Concentration of sales by one insider: Most recent dispositions are by John T Hall, representing concentrated insider supply in the market.
Insights
TL;DR: Insider John T Hall is selling significant INTA shares, largely via 10b5-1 plans; the filing is routine disclosure of these transactions.
The filing documents a proposed sale of 19,515 common shares valued at $817,678.50 and lists multiple recent dispositions by the same insider, including 10b5-1 plan sales (notably 80,000 shares on 08/18/2025). The insider also received RSUs and PSUs on 08/20/2025 totaling 19,515 shares, which matches the proposed sale amount. From a market-impact perspective, these disclosures increase share supply from an insider but do not by themselves indicate undisclosed company developments because several sales are under trading plans and the filer attests to lack of material nonpublic information.
TL;DR: Governance disclosure appears complete; sales include planned 10b5-1 executions and issuance-related dispositions.
The document shows compliance with Rule 144 notice requirements and references reliance on 10b5-1 plans for multiple sales, which suggests pre-established sale schedules that mitigate concerns about opportunistic trading. The insider also signed required attestations. Materiality is limited to share counts and proceeds; there is no indication in this filing of governance changes, litigation, or other adverse events.