[Form 4] Intapp, Inc. Insider Trading Activity
Intapp, Inc. director and CEO John T. Hall executed an option exercise and contemporaneous sale under a pre-established 10b5-1 plan on 09/02/2025. He exercised an employee stock option with a $7.45 exercise price to acquire 8,000 shares, increasing his option-derived common stock position by 8,000 shares. Simultaneously, he sold 8,000 shares in multiple transactions at a weighted-average sale price of $44.8723, with individual trade prices reported between $44.54 and $45.50. Following these transactions, Mr. Hall beneficially owned 5,598,775 shares (direct).
- Transaction executed under a 10b5-1 plan, providing pre-established trading authorization and reducing insider timing concerns.
- Underlying option shares were fully vested at the time of exercise, indicating no acceleration or special vesting event.
- Insider sold 8,000 shares, reducing his direct holdings by that amount (though remaining holdings remain large).
Insights
TL;DR: Routine option exercise and immediate sale under a 10b5-1 plan; small relative size versus total holdings, limited market impact.
The filing shows a director/CEO exercised vested options at $7.45 and sold the same number of shares under a pre-existing 10b5-1 plan, realizing proceeds at a weighted-average of $44.8723 per share. The transaction appears procedural and consistent with pre-authorized trading plans, reducing option exposure while leaving a large residual direct holding of over 5.5 million shares. No new compensatory grants or departures are disclosed.
TL;DR: Use of a 10b5-1 plan provides safe-harbor for insider trades; disclosure is complete regarding price ranges and vesting.
The report explicitly states the trades were executed pursuant to a 10b5-1 plan adopted on September 13, 2024, and clarifies that the underlying options were fully vested. The signer is an attorney-in-fact, and the filing supplies the weighted-average sale price and price range. These details align with good disclosure practices for insider transactions.