Jampol Thad 4
Research Summary
AI-generated summary
Intapp (INTA) Chief Product Officer Thad Jampol Receives Award, Sells Shares
What Happened
- Thad Jampol, Chief Product Officer of Intapp, received performance shares and vested RSUs in mid‑May 2026. The filing shows 9,562 shares earned (performance award certified May 19) and multiple exercise/conversion entries on May 20 that resulted in a total of 29,793 shares issued to him (acquired at $0.00 per share as awards/vestings).
- To satisfy tax withholding obligations upon vesting, 12,606 shares were disposed at a withholding value of $20.50 per share, totaling $258,423. Additional derivative dispositions (3,257; 1,974; 15,000 shares) are reported as part of the conversion/exercise mechanics. Overall, the transactions resulted in a net decrease of 3,044 shares on the record (29,793 acquired vs. 32,837 disposed).
- This was not an open‑market sale for cash gain but routine withholding/surrender of shares to cover taxes related to vested performance share units and RSUs.
Key Details
- Transaction dates: awards certified May 19, 2026; conversions/vests and tax withholding occurred May 20, 2026. Form 4 filed May 21, 2026 (timely; Form 4s are due within 2 business days).
- Prices: award/conversion entries reported at $0.00 (awarded/vested shares); tax withholding disposed at $20.50 per share, total $258,423.
- Share counts: 9,562 performance shares earned; total 29,793 shares issued via awards/conversions; 12,606 shares withheld for taxes; other derivative dispositions total 20,231 shares; net change = -3,044 shares.
- Notable footnotes: F1 — performance shares certified May 19 and subject to service vesting that lapsed May 20; F2/F5 — RSUs vested (each RSU = 1 share); F3 — shares withheld to cover taxes; F4 — some shares are held by spouse (reporting person disclaims beneficial ownership of spouse’s shares).
- Filing timeliness: filed May 21 for May 19–20 transactions — appears timely (not flagged late).
Context
- These entries represent awards and vesting conversions (derivative exercises/conversions) with shares withheld or surrendered to cover tax obligations — a common, routine insider event. This is not an open‑market purchase or sale that directly signals a change in insider market sentiment.
- For retail investors: treatment of vested equity (and resulting withholding) reduces the insider’s net holdings but is generally administrative. Check the full Form 4 for exact post‑transaction holdings if you track insider ownership levels.