Intapp (INTA) Form 4: CFO Disposes Shares to Cover Taxes, 10b5-1 Sales
Rhea-AI Filing Summary
Intapp, Inc. (INTA) Chief Financial Officer David H. Morton Jr. reported multiple open-market sales of the company's common stock executed under pre-established 10b5-1 trading plans. The filings show a sequence of sales on August 21 and 22, 2025, at weighted-average prices in the low $40s per share, with the reporting person's beneficial ownership shown as 36,855 shares following the transactions.
The explanatory notes state the sales were to satisfy tax liabilities arising from the vesting of performance share units and restricted share units granted under the 2021 Omnibus Incentive Plan, and that some sales were executed under a 10b5-1 plan adopted May 14, 2025 and another adopted September 3, 2024.
Positive
- Sales were executed under documented 10b5-1 trading plans, indicating pre-established, rule-compliant transactions.
- Filing discloses transaction prices and post-sale beneficial ownership (36,855 shares), providing transparent disclosure to investors.
Negative
- Reporting person disposed of multiple blocks of shares on August 21–22, 2025, reducing beneficial ownership materially from prior reported levels to 36,855 shares.
- Sales were executed at market prices in the low $40s, which could modestly increase available float during the sale periods.
Insights
TL;DR: Routine insider tax-sales under documented 10b5-1 plans; transparent reporting, no new governance issues disclosed.
The Form 4 details multiple share disposals by the CFO to cover tax obligations tied to vested equity awards, with clear footnotes explaining use of 10b5-1 plans adopted May 14, 2025 and September 3, 2024. This is standard practice and the filing includes weighted-average prices and post-transaction beneficial ownership. From a governance perspective, the filing demonstrates procedural compliance and appropriate disclosure; it does not disclose any change in role, control, or extraordinary corporate action.
TL;DR: Multiple small-to-moderate insider sales executed at ~$41–$43 per share; transaction motive disclosed as tax withholding.
The reported sales occurred across August 21–22, 2025, at weighted-average prices reported between approximately $40.98 and $43.14 per grouped transaction. The filing attributes sales to tax liabilities from vested performance share units and restricted share units under the 2021 Omnibus Incentive Plan. The reported post-sale beneficial ownership is 36,855 shares. These are routine insider liquidity events with explicit pricing ranges provided for each grouped trade.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 200 | $41.86 | $8K |
| Sale | Common Stock | 4,767 | $42.795 | $204K |
| Sale | Common Stock | 5,033 | $43.1363 | $217K |
| Sale | Common Stock | 26 | $40.975 | $1K |
| Sale | Common Stock | 4,495 | $41.7969 | $188K |
| Sale | Common Stock | 247 | $42.0239 | $10K |
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, (c) with respect to the weighted average price of $41.86: $41.75 to $41.97, inclusive, (d) with respect to the weighted average price of $42.0239: $42.00 to $42.115, inclusive, (e) with respect to the weighted average price of $42.795: $42.02 to $42.99, inclusive, and (f) with respect to the weighted average price of $43.1363: $43.00 to $43.50, 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). 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 September 3, 2024.
