Intapp, Inc. 8-K
Research Summary
AI-generated summary
Intapp, Inc. Announces $200M Stock Repurchase Program
What Happened
Intapp, Inc. filed a Form 8‑K on February 3, 2026 announcing that its Board of Directors authorized a common stock repurchase program of up to $200.0 million. This new authorization follows a prior $150.0 million repurchase program approved on August 7, 2025, which the company says has been completed. The announcement was made via a press release furnished as Exhibit 99.1 to the filing.
Key Details
- Board approved up to $200.0 million for repurchases (authorized Feb 3, 2026).
- Prior $150.0 million program (authorized Aug 7, 2025) has been completed.
- Repurchases may be made in open market transactions, privately negotiated purchases, Rule 10b5‑1 trading plans, or other techniques.
- The program has no expiration date and does not obligate the company to repurchase any shares; timing and amounts depend on stock price, trading volume and market/business conditions.
Why It Matters
A board‑authorized repurchase program gives the company flexibility to buy back shares, which can help return capital to shareholders and potentially support earnings per share if shares are repurchased. Because the program has no expiration date and is discretionary, investors should monitor actual repurchase activity and timing (which depend on market conditions) rather than assume a set schedule or amount will be repurchased.