INTA Form 4: John Hall 10b5-1 Option Exercise and Sale Details
Rhea-AI Filing Summary
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).
Positive
- 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.
Negative
- 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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 8,000 | $0.00 | -- |
| Exercise | Common Stock | 8,000 | $7.45 | $60K |
| Sale | Common Stock | 8,000 | $44.8723 | $359K |
Footnotes (1)
- The option exercise and sale of shares of common stock of Intapp, Inc. was executed pursuant to a 10b5-1 plan put in place by the Reporting Person on September 13, 2024. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $44.54 to $45.50, inclusive. The reporting person undertakes to provide to Intapp, Inc., any security holder of Intapp, Inc. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2). The shares underlying this option are fully vested and exercisable as of the date hereof.
