Intapp (INTA) President David Benjamin Receives Awards; Sells 23,268 Shares for Taxes

What Happened
David Benjamin, President, Industries at Intapp, received vested equity on Aug 19–20, 2026 tied to performance share units (PSUs) and restricted stock units (RSUs). The filings show a total of 71,075 shares issued from those awards/derivative conversions. To satisfy tax withholding on the vesting, 23,268 shares were withheld/disposed at $40.09 per share, generating approximately $932,814. After withholding, the net new shares from the vesting were about 47,807.

Key Details

• Transaction dates: Grants certified Aug 19, 2026; vesting/conversions and tax withholding occurred Aug 20, 2026. Form 4 filed Aug 21, 2026 (timely).
• Award/price: Grants and derivative conversions reported at $0 (A = award/grant; M = exercise/conversion of derivatives).
• Sale/withholding: 23,268 shares withheld for taxes at $40.09 each = ~$932,814 (F code = tax withholding).
• Net effect: ~71,075 shares issued, 23,268 withheld for taxes → net ~47,807 additional shares to Benjamin.
• Footnotes of note: F1–F4/F2 indicate PSUs and RSUs were earned/vested and are subject to service-based vesting; F3 confirms shares were withheld for taxes.
• Filing timeliness: Filed within the normal Form 4 window (no late filing flag).

Context

• These transactions are award/vesting-related (A/M) rather than an open-market purchase or opportunistic sale. The withheld/disposed shares were to cover tax liabilities (routine), not necessarily a directional bet on the stock.
• For retail investors: award vesting increases insider ownership (after withholding) and is standard compensation practice; it is different from a voluntary sale (S) or an open-market purchase (P).