Murgel Michele 4
4 · Intapp, Inc. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
Intapp (INTA) Chief People & Places Officer Michele Murgel Sells 8,850 Shares
What Happened
Michele Murgel, Intapp's Chief People & Places Officer, had performance share units (PSUs) and restricted stock units (RSUs) vest around Feb 19–20, 2026. As a result she was issued/converted a number of shares (awarded at $0.00): 19,002 shares (PSUs certified 2/19/2026) and an 85,000-share RSU grant (derivative). On Feb 20, 2026 she converted/exercised 2,765 and 1,674 derivative units into common stock. To satisfy tax withholding obligations, 8,850 shares were withheld/disposed at $22.16 per share, producing proceeds of $196,116. The awards were granted/earned (not purchased), and the disposal was for tax withholding—not an open-market sale.
Key Details
- Transaction dates: awards certified 2/19/2026; RSU/PSU vesting and conversions on 2/20/2026; tax withholding disposal on 2/20/2026.
- Prices and value: awarded shares acquired at $0.00; 8,850 shares withheld/disposed at $22.16 = $196,116.
- Derivative activity: exercised/converted 2,765 and 1,674 derivative units (code M) into common shares.
- Tax withholding: 8,850 shares withheld to cover taxes upon vesting (code F).
- Shares owned after transaction: not specified in the provided excerpt—see the full Form 4 for total holdings.
- Notable footnotes: F1 indicates PSUs were certified by the audit committee (earned 2/19/2026) and service vesting lapsed 2/20/2026; F2–F8 describe RSU grant, vesting schedule, and that RSUs/PSUs convert 1:1 into common stock; F3 confirms shares were withheld for taxes.
- Filing timeliness: Form 4 filed 2026-02-20 (reporting these Feb 19–20 transactions); no late filing indicated in the provided data.
Context
This was primarily an award/vesting event plus conversion of derivative awards, with shares withheld to cover tax liabilities (a routine, non-discretionary disposal). Such tax-withholding disposals are common when equity awards vest and do not necessarily signal a deliberate insider sale for investment reasons.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-19+19,002→ 238,221 total - Exercise/Conversion
Common Stock
[F2]2026-02-20+2,765→ 240,986 total - Exercise/Conversion
Common Stock
[F2]2026-02-20+1,674→ 242,660 total - Tax Payment
Common Stock
[F3]2026-02-20$22.16/sh−8,850$196,116→ 233,810 total - Award
Restricted Share Units
[F4][F5]2026-02-19+85,000→ 85,000 total→ Common Stock (85,000 underlying) - Exercise/Conversion
Restricted Share Units
[F6][F2][F7]2026-02-20−2,765→ 16,607 total→ Common Stock (2,765 underlying) - Exercise/Conversion
Restricted Share Units
[F6][F2][F8]2026-02-20−1,674→ 16,752 total→ Common Stock (1,674 underlying)
Footnotes (8)
- [F1]The shares of Intapp, Inc.'s (the "Issuer") common stock reported in this Form 4 represent shares earned, as certified by the audit committee of the board of directors of the Issuer on February 19, 2026, based on the level of achievement of the applicable performance conditions over the applicable performance period, in respect of performance share units granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan. The earned shares of Issuer common stock reported in this Form 4 are subject to service-based vesting requirements that lapsed on February 20, 2026.
- [F2]The reported transaction involved a restricted share unit ("RSU") vesting on February 20, 2026.
- [F3]Shares of Intapp, Inc. common stock withheld for taxes upon the vesting of performance share units and RSUs granted pursuant to the Intapp, Inc. 2021 Omnibus Incentive Plan.
- [F4]The reported transaction involved the reporting person's receipt of a grant of RSUs under the Intapp, Inc. 2021 Omnibus Incentive Plan. Each RSU represents a contingent right to receive one share of Intapp, Inc. common stock.
- [F5]The RSUs vest, subject to continued employment, as to 12.5% of the shares on May 20, 2026, and in seven equal quarterly installments thereafter.
- [F6]Each RSU represents a contingent right to receive one share of Intapp, Inc. common stock.
- [F7]The RSUs have vested and will vest, subject to continued employment, as to 8.33% of the shares on November 20, 2024, and in 11 equal quarterly installments thereafter.
- [F8]The RSUs have vested and will vest, subject to continued employment, as to 8.33% of the shares on November 20, 2025, and in 11 equal quarterly installments thereafter.