Intapp COO Disposes Shares for Taxes; 10b5-1 Plan Used
Rhea-AI Filing Summary
Donald F. Coleman, Chief Operating Officer of Intapp, Inc. (INTA), reported planned sales of common stock executed under a 10b5-1 trading plan to cover tax liabilities from vested performance share units and restricted share units. The filing discloses three separate sales on 08/21/2025 at weighted-average prices of $40.975, $41.7969, and $42.0239. The reported direct beneficial ownership following the transactions is 443,581 shares, and indirect holdings include 414,395 shares held by the Coleman Family Trust and 150,000 shares held by Gambatte LLC.
Positive
- Sales executed under a 10b5-1 plan, indicating pre-established, rule-compliant trading rather than opportunistic insider selling
- Filing discloses weighted-average prices and price ranges and offers to provide detailed execution information upon request, supporting transparency
- Significant indirect holdings remain via the Coleman Family Trust and Gambatte LLC, indicating continued insider alignment
Negative
- Reported disposition of shares on 08/21/2025 (sales of 16, 2,756, and 151 shares as shown), which reduced the reporting person’s direct holdings to 443,581 shares
Insights
TL;DR: Insider used a pre-established 10b5-1 plan to sell vested shares to satisfy tax obligations; transactions are routine and non-operational.
The reported sales on 08/21/2025 were executed under a company-established 10b5-1 plan and relate to tax withholding for vested PSUs and RSUs rather than open-market discretionary selling. Weighted-average prices span roughly $40.97 to $42.02, indicating sales executed across a narrow price band. Post-transaction direct beneficial ownership is reported as 443,581 shares, with substantial indirect holdings retained via trust and LLC structures, suggesting continued alignment with long-term ownership.
TL;DR: Use of a documented 10b5-1 plan demonstrates compliance with insider-trading protocols; disclosure is complete and includes trustee/beneficiary details.
The filing explicitly states the 10b5-1 plan was put in place on May 14, 2025, and identifies the Coleman Family Trust and Gambatte LLC as vehicles for indirect holdings, with trustees and beneficiaries named. The Form 4 includes weighted-average pricing ranges and an undertaking to provide granular execution details upon request, which supports transparency. The transactions are disclosed as tax-related dispositions of equity awards rather than opportunistic sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16 | $40.975 | $655.60 |
| Sale | Common Stock | 2,756 | $41.7969 | $115K |
| Sale | Common Stock | 151 | $42.0239 | $6K |
| holding | Common Stock | -- | -- | -- |
| 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 Coleman Family Trust, of which the reporting person and his spouse are trustees and sole beneficiaries. Shares held by Gambatte LLC, an entity controlled by and for the sole benefit of the Coleman Family Trust.
