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Intapp, Inc.·4

Feb 20, 4:22 PM ET

Sedgwick Dustin de Forest 4

Research Summary

AI-generated summary

Updated

Intapp (INTA) CMO Dustin Sedgwick Receives RSUs; Shares Withheld

What Happened

  • Dustin Sedgwick, Chief Marketing Officer of Intapp, received a grant of 90,000 restricted stock units (RSUs) on Feb 19, 2026 (grant code A). On Feb 20, 2026, 4,863 RSUs converted to common shares (reported as exercise/conversion, code M). To satisfy tax withholding, 1,482 of those shares were withheld/disposed at an implied price of $22.16 per share for a total withholding value of $32,841 (code F). The RSU conversion entries show $0 exercise price since these were RSUs, not options. Net shares issued to Sedgwick from the conversion: 3,381 shares (4,863 converted minus 1,482 withheld).
  • This was an award/vesting and routine tax-withholding event, not an open-market purchase or sale by the insider.

Key Details

  • Transaction dates and values:
    • 2026-02-19: Grant of 90,000 RSUs (A) — each RSU = contingent right to one share (no cash price).
    • 2026-02-20: Conversion/exercise of 4,863 RSUs to shares (M) reported at $0.00.
    • 2026-02-20: 1,482 shares withheld for taxes (F) at $22.16 each = $32,841.
  • Shares owned after transaction: Not disclosed in the provided filing excerpt.
  • Notable footnotes from the filing:
    • RSUs granted under the Intapp, Inc. 2021 Omnibus Incentive Plan; each RSU represents a right to one share (F3, F5).
    • The reported conversion involved RSUs that vested on Feb 20, 2026 (F1).
    • Shares were withheld to satisfy tax withholding upon RSU vesting (F2).
    • Vesting schedules referenced in the filing include differing tranche schedules (e.g., 12.5% on May 20, 2026 then quarterly installments; and a schedule starting Nov 20, 2025 with quarterly installments) — see filing footnotes (F4, F6) for details.
  • Filing timeliness: Form filed Feb 20, 2026 reporting transactions through Feb 19–20, 2026; no late-filing flag noted in the supplied data.

Context

  • These entries describe RSU vesting/conversion and routine tax withholding (a common practice where companies withhold shares to cover taxes). This is an award/vesting event rather than a discretionary open-market purchase or sale by the insider, so it is generally considered routine compensation-related activity rather than an explicit bullish or bearish trading signal.