Intapp CPO Sells Shares to Cover Taxes; 10b5-1 Plan Used
Rhea-AI Filing Summary
Thad Jampol, Chief Product Officer of Intapp, Inc. (INTA), reported sales of restricted and performance shares to cover tax withholding following vesting. Under a 10b5-1 plan adopted May 14, 2025, he sold a total of 2,968 shares across three transactions on 08/21/2025 at weighted-average prices of $40.975, $41.7969, and $42.0239; the filings disclose price ranges for each weighted average. After these transactions his reported direct beneficial ownership decreased from 882,386 shares to 879,434. He also reports 34,972 shares held by his spouse, which he disclaims beneficial ownership of. The Form 4 is signed by an attorney-in-fact on 08/25/2025.
Positive
- Sales executed under a documented 10b5-1 plan (May 14, 2025), indicating pre-established trading instructions and compliance with insider-trading rules
- Transparent disclosure of weighted-average prices and price ranges for the multiple transactions
- Clear statement regarding spousal holdings (34,972 shares) and disclaimer of beneficial ownership
Negative
- None.
Insights
TL;DR: Insider sold a small number of shares under a pre-established 10b5-1 plan to cover taxes; impact on valuation is negligible.
The transactions represent 2,968 shares sold pursuant to a tax withholding sale following vesting of equity awards, executed under a 10b5-1 plan dated May 14, 2025. The sales occurred on 08/21/2025 at weighted-average prices reported as $40.975, $41.7969 and $42.0239, with disclosed price ranges for each weighted average. The reported direct holding declined from 882,386 to 879,434 shares. For investors, these are routine, non-discretionary sales tied to compensation events rather than open-market cashing out of large positions, so there is no clear negative signal to earnings or operations in this filing.
TL;DR: Filing shows compliance with insider-trading controls via a documented 10b5-1 plan and transparent disclosure.
The Form 4 discloses that sales were made pursuant to a company-established 10b5-1 plan and provides weighted-average prices and price ranges for the multiple transactions, which supports procedural compliance and disclosure transparency. The report also clearly states spousal ownership of 34,972 shares and a disclaimer of beneficial ownership, which is appropriate. No departures from expected governance disclosure practices are evident in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16 | $40.975 | $655.60 |
| Sale | Common Stock | 2,798 | $41.7969 | $117K |
| Sale | Common Stock | 154 | $42.0239 | $6K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares of Intapp, Inc.'s (the "Company") common stock sold for tax liability incurred upon the vesting of performance share units and restricted share units granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan. Shares were sold pursuant to a 10b5-1 plan put in place by the Company on May 14, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from (a) with respect to the weighted average price of $40.975: $40.97 to $40.99, inclusive, (b) with respect to the weighted average price of $41.7969: $41.10 to $41.991, inclusive, and (c) with respect to the weighted average price of $42.0239: $42.00 to $42.115, 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). Shares held by the reporting person's spouse. The reporting person disclaims beneficial ownership of the securities owned by his spouse, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
