Murgel Michele 4

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.