[Form 4] Intapp, Inc. Insider Trading Activity
Intapp, Inc. (INTA) Form 4: David Benjamin, President, Industries, reported sales of company common stock on 08/21/2025 executed under a 10b5-1 plan established May 14, 2025 to cover tax liabilities from vested performance share units and restricted stock units. The filing shows three sets of sales: 18 shares at a weighted-average price of $40.975, 3,025 shares at $41.7969, and 166 shares at $42.0239, resulting in 9,238 shares beneficially owned following the reported transactions. The report was signed by an attorney-in-fact on 08/25/2025. The filing discloses price ranges for the multiple executions and offers to provide detailed per-price sell counts upon request.
- Sales executed under a 10b5-1 plan, indicating pre-arranged transactions rather than opportunistic insider selling
- Clear disclosure of weighted-average prices and price ranges and offer to provide per-price sale counts on request
- Purpose of sales stated — to cover tax liabilities from vested performance share units and restricted share units
- Beneficial ownership decreased to 9,238 shares following the reported transactions, reflecting a reduction in insider holdings
Insights
TL;DR: Insider sold shares under a pre-arranged 10b5-1 plan to satisfy tax obligations; transactions are routine and disclosed.
The sales were explicitly executed pursuant to a 10b5-1 plan, which reduces concerns about opportunistic timing. Transaction sizes are modest: the largest tranche was 3,025 shares at a weighted-average $41.7969. The filings provide transparency by disclosing weighted-average prices and price ranges and offer to supply per-price quantities on request. Impact on outstanding ownership appears limited given the post-transaction beneficial ownership of 9,238 shares, suggesting this is a tax-driven liquidity event rather than a signal of loss of confidence.
TL;DR: Proper use of a 10b5-1 plan and clear footnote disclosure align with governance best practices for insider transactions.
The reporting notes that the sales were for tax liabilities upon vesting of equity awards and were executed under a company-established 10b5-1 plan dated May 14, 2025. The detailed disclosure of weighted-average prices and willingness to provide per-trade breakdowns demonstrates good governance and transparency. No amendment or other corrective disclosure is indicated, and the filing was timely-signed by an attorney-in-fact, which supports procedural compliance. Materiality for investors is low absent larger, contemporaneous disclosures.