[Form 4] Intapp, Inc. Insider Trading Activity
Intapp, Inc. insider David Benjamin reported multiple equity transactions in August 2025. He received 16,247 earned shares on 08/19/2025 tied to performance share units and 21,000 RSUs vested the same period subject to service-based vesting that lapsed on 08/20/2025. Additional vesting added 2,890 RSUs on 08/20/2025. To cover tax liabilities from the vesting events, Benjamin sold 6,690 shares on 08/20/2025 in multiple trades under a company 10b5-1 plan established May 14, 2025, at weighted average prices of approximately $41.85, $42.36, and $43.09. Following these transactions he beneficially owned 12,447 shares.
- Earned performance shares (16,247) were certified by the audit committee, showing objective performance-based compensation
- Use of a 10b5-1 plan established May 14, 2025, provides preclearance and transparency for the tax-motivated sales
- Detailed disclosure of weighted average sale prices and offer to supply per-price trade details enhances transparency
- Insider sold 6,690 shares to cover tax liabilities, which reduced beneficial ownership from 19,137 to 12,447 shares
- Net beneficial ownership declined following vesting and tax sales, which modestly reduces the reporting person's stake
Insights
TL;DR: Insider received performance-based and service RSUs and sold shares to cover tax under a 10b5-1 plan; disclosure is routine.
The filing documents typical executive compensation mechanics: performance share units converted to earned shares certified by the audit committee and RSU vesting subject to service conditions. The sale activity was conducted pursuant to a company-established 10b5-1 plan, which helps mitigate concerns about opportunistic trading around material events. The disclosure includes weighted average sale prices and offers to provide granular trade-by-trade detail, supporting transparency. No change in control, litigation, or extraordinary compensation deviations are disclosed.
TL;DR: Transaction mix reflects compensation realization and tax withholding via market sales; net insider ownership declined but remains disclosed.
The report quantifies earned performance shares (16,247) and RSU grants/vests (21,000 plus 2,890 incremental RSUs). Share sales totaling 6,690 shares at weighted average prices in the low $40s were executed to satisfy tax obligations, reducing beneficial ownership to 12,447 shares. The filing clarifies vesting schedules and confirms the tax-sale was executed under a pre-established 10b5-1 plan, minimizing market-timing concerns. For investors, these are compensation-driven trades rather than open-market directional bets.