Coleman Donald F. 4
Research Summary
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Intapp (INTA) COO Donald Coleman Exercises/Settles Awards, Shares Withheld
What Happened Donald F. Coleman, Chief Operating Officer of Intapp, had performance share units and restricted stock units vest in mid‑May 2026. The filing shows an award of 9,389 shares (certified May 19) and multiple conversions/exercises of derivative awards on May 20 that resulted in common shares being issued. To cover tax withholding on the vesting, 10,401 shares were surrendered at $20.50 per share, yielding $213,221. Several conversion/exercise entries are reported as acquisitions and corresponding dispositions of derivative interests (i.e., settlement of RSUs/PSUs).
Key Details
- Transaction dates: awards certified May 19, 2026; vesting/conversions occurred May 20, 2026; Form 4 filed May 21, 2026 (timely).
- Tax withholding: 10,401 shares withheld at $20.50 = $213,221 (code F).
- Reported award/vest amounts: 9,389 shares (award), plus multiple conversions/exercises of 3,133; 1,899; and 11,250 share tranches (codes M/A).
- Shares owned after transaction: not specified in the provided summary of the filing.
- Notable footnotes: awards were performance share units certified by the audit committee (F1); RSU vesting on May 20, 2026 (F2); shares withheld for taxes on vesting (F3); some shares are held by the Coleman Family Trust and Gambatte LLC (F4, F5). RSU vesting schedules/details noted in F6–F9.
- Transaction codes explained: A = award/grant, M = exercise/conversion of derivative (RSU/PSU settlement), F = shares withheld for taxes.
Context These entries reflect compensation-related vesting and the routine cashless-like settlement to cover tax obligations rather than an open-market sale or purchase intended as a market signal. The multiple M entries represent conversion/settlement of derivative awards (RSUs/PSUs) into common stock, with a portion withheld to pay taxes. For retail investors, such vesting events are common for executives and do not, by themselves, imply a change in the insider's view of the company's prospects.