INTA Form 4: CEO vesting of performance shares and RSU tax-driven sales disclosed
Rhea-AI Filing Summary
John T. Hall, CEO and director of Intapp, Inc. (INTA), reported equity transactions surrounding the vesting and receipt of performance share units and restricted stock units. The Form 4 shows 31,590 shares earned on August 19, 2025 from performance share units that were certified by the audit committee and subject to service-based vesting that lapsed on August 20, 2025. On August 20, 2025 the reporting person received 8,605 vested RSUs and sold 13,977 shares across multiple transactions under a 10b5-1 plan to cover tax liabilities at weighted average prices of $41.8477, $42.3552 and $43.0935. Following these transactions the reporting person beneficially owned 5,624,993 shares and held 68,880 outstanding RSUs.
Positive
- Audit committee certification of 31,590 performance shares provides formal validation of achievement of performance conditions
- Use of a 10b5-1 trading plan for the share sales indicates pre-established, rule-compliant execution to cover tax liabilities
- Detailed disclosure of weighted-average sale prices and price ranges increases transparency about the transactions
Negative
- None.
Insights
TL;DR: Routine insider vesting and tax-driven sales disclosed; governance procedures appear followed.
The filing documents executive-level equity vesting certified by the audit committee and subsequent share sales executed under a company 10b5-1 plan. Certification by the audit committee for performance share units and the use of a pre-established trading plan are standard governance controls that reduce concerns about opportunistic trading. The report includes specific share counts and weighted-average sale prices, enabling transparent tracking of insider dilution and ownership.
TL;DR: Compensation-related vesting occurred and shares were sold to satisfy tax obligations; no indication of discretionary cash-out beyond taxes.
The document shows 31,590 performance-based shares earned and RSU activity (71,400 previously reported RSUs vested in part, plus an 8,605 RSU vesting). The disclosed weighted-average sale prices ($41.8477, $42.3552, $43.0935) and explicit ranges provide granular market execution detail. The post-transaction beneficial ownership (5,624,993 shares) and remaining vested RSUs (68,880) are clearly reported for investor assessment.