Intapp (NASDAQ: INTA) CFO sale follows 10b5-1 trading plan
Rhea-AI Filing Summary
Intapp, Inc. insider David H. Morton Jr., the Chief Financial Officer, reported open-market sales of a total of 20,000 shares of common stock on August 13, 2026. The sales were executed pursuant to a pre-established Rule 10b5-1 trading plan adopted on August 14, 2025, at weighted average prices of $40.6969 for 18,800 shares and $41.0017 for 1,200 shares, across the stated price ranges. A footnote also describes 351 shares previously purchased at $19.63 under Intapp’s 2021 Employee Stock Purchase Plan for the period December 1, 2025, through May 31, 2026.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 20,000 shares
Net Sell
2 txns
Insider
MORTON DAVID H JR
Role
Chief Financial Officer
Sold
20,000 shs ($814K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 18,800 | $40.6969 | $765K |
| Sale | Common Stock F1, F2 | 1,200 | $41.0017 | $49K |
Holdings After Transaction:
Common Stock — 84,390 shares (Direct)
Footnotes (3)
- F1. The sale of shares of common stock of Intapp, Inc. was executed pursuant to a 10b5-1 plan put in place by the Reporting Person on August 14, 2025.
- F2. 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 $40.6969: $40.00 to $40.99, inclusive, and (b) with respect to the weighted average price of $41.0017: $41.00 to $41.01, 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).
- F3. Includes 351 shares purchased at a price of $19.63 pursuant to the Intapp, Inc. 2021 Employee Stock Purchase Plan ("ESPP"), for the ESPP purchase period of December 1, 2025, through May 31, 2026. In accordance with the ESPP, these shares were purchased in a transaction exempt under Rule 16b-3(c) at a price equal to 85% of the closing price of Issuer common stock on May 31, 2026.
Key Figures
Shares sold (block 1): 18,800 shares
Price (block 1): $40.6969 per share
Shares sold (block 2): 1,200 shares
+4 more
7 metrics
Shares sold (block 1)
18,800 shares
Common stock sold on August 13, 2026 at $40.6969 weighted average
Price (block 1)
$40.6969 per share
Weighted average sale price for 18,800 shares, range $40.00–$40.99
Shares sold (block 2)
1,200 shares
Common stock sold on August 13, 2026 at $41.0017 weighted average
Price (block 2)
$41.0017 per share
Weighted average sale price for 1,200 shares, range $41.00–$41.01
Total shares sold
20,000 shares
Aggregate of reported open-market sales on August 13, 2026
ESPP shares purchased
351 shares at $19.63
Purchased under 2021 ESPP for period Dec 1, 2025–May 31, 2026
ESPP discount
85% of closing price
ESPP purchase price set at 85% of May 31, 2026 closing price
Key Terms
Rule 10b5-1 plan, weighted average price, Employee Stock Purchase Plan ("ESPP"), Rule 16b-3(c)
4 terms
Rule 10b5-1 plan regulatory
"The sale of shares ... was executed pursuant to a 10b5-1 plan put in place"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Employee Stock Purchase Plan ("ESPP") financial
"purchased at a price of $19.63 pursuant to the Intapp, Inc. 2021 Employee Stock Purchase Plan"
Rule 16b-3(c) regulatory
"purchased in a transaction exempt under Rule 16b-3(c) at a price equal to 85%"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
What insider transaction did Intapp (INTA) report for CFO David H. Morton Jr.?
Intapp reported that CFO David H. Morton Jr. sold a total of 20,000 shares of common stock on August 13, 2026. The sales were open-market transactions executed under a pre-established Rule 10b5-1 trading plan adopted in August 2025.
Were the recent Intapp (INTA) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were executed pursuant to a Rule 10b5-1 plan put in place by the reporting person on August 14, 2025. Such plans pre-schedule trades to reduce discretion over timing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
