[Form 4] Intapp, Inc. Insider Trading Activity
Michele Murgel, Chief People & Places Officer of Intapp, Inc. (INTA), reported equity activity on August 19–20, 2025. On August 19 she had 12,837 shares of common stock earned from performance share units certified by the audit committee; those earned shares were subject to service-based vesting that lapsed on August 20, 2025. Also on August 19 she received 20,100 restricted share units (RSUs). On August 20, RSUs vested (including 2,765 additional RSUs) and sales were executed to cover tax withholding: 3,316, 2,033, and 76 shares were sold at weighted average prices of $41.8477, $42.3552, and $43.0935, respectively. Sales were made pursuant to a company 10b5-1 plan established May 14, 2025. Following these transactions the reporting person beneficially owned 224,522 shares of common stock.
- Audit committee certification of performance share unit achievement supports governance oversight
- Use of a 10b5-1 plan for sales increases procedural transparency and reduces appearance of opportunistic timing
- Tax-related share sales reduced the reporting person’s holdings by 5,425 shares
- Weighted average sale prices indicate partial monetization of vested shares, which slightly decreases insider share concentration
Insights
TL;DR: Insider received performance shares and RSUs that partly vested, and sold a small number of shares under a 10b5-1 plan to cover taxes.
The Form 4 discloses routine compensation-related equity activity rather than any unusual trading signal. The reporting person was credited with 12,837 earned shares from performance share units and received 20,100 RSUs, with service-based vesting conditions that lapsed or continue per the grants. Multiple small sales on August 20 totaling 5,425 shares were executed at weighted average prices between $41.85 and $43.09 to satisfy tax liabilities; the filing states these sales were made under a pre-existing 10b5-1 plan dated May 14, 2025. The net change is consistent with compensation realization rather than opportunistic trading.
TL;DR: Transactions reflect standard executive compensation vesting and tax-withholding sales, documented with audit committee certification and a 10b5-1 plan.
The disclosure notes audit committee certification of performance outcomes and describes vesting schedules for RSUs. Use of a 10b5-1 plan and the footnoted ranges for weighted average sale prices provide procedural transparency. There are no indications in the filing of amendment, acceleration, or irregularer approvals; ownership after transactions remains disclosed as 224,522 shares, preserving standard transparency expectations for insiders.