Great Hill Partners Amends Intapp Stake Filing
Ticker: INTA · Form: SC 13D/A · Filed: May 23, 2024 · CIK: 1565687
| Field | Detail |
|---|---|
| Company | Intapp, Inc. (INTA) |
| Form Type | SC 13D/A |
| Filed Date | May 23, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $37.33, $38.005, $37.4503 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, schedule-13d
Related Tickers: INTA
TL;DR
GHP filed 13D/A for INTA, updated ownership details.
AI Summary
Great Hill Partners, L.P. filed an amendment (No. 7) to its Schedule 13D on May 23, 2024, regarding its holdings in Intapp, Inc. The filing indicates a change in the beneficial ownership of Intapp's common stock by Great Hill Investors LLC, a related entity. No specific dollar amounts or new percentage changes were detailed in this amendment.
Why It Matters
This filing updates the market on significant ownership changes or intentions by a major shareholder, potentially influencing Intapp's stock price and corporate strategy.
Risk Assessment
Risk Level: medium — Schedule 13D filings often signal potential shifts in control or significant investment activity, which can introduce volatility.
Key Players & Entities
- Great Hill Partners, L.P. (company) — Filing entity
- Intapp, Inc. (company) — Subject company
- Great Hill Investors LLC (company) — Related entity to filing entity
- John S. Dwyer (person) — Authorized contact for notices
FAQ
What is the specific change in beneficial ownership reported in this amendment?
The filing is an amendment (No. 7) to a Schedule 13D, indicating a change in beneficial ownership, but the specific details of the change (e.g., percentage or number of shares) are not explicitly stated in the provided header information.
When was this amendment filed with the SEC?
This amendment was filed on May 23, 2024.
Who is the subject company of this filing?
The subject company is Intapp, Inc.
Which entity is filing this amendment?
The filing is made by Great Hill Partners, L.P., with related entities including Great Hill Investors LLC.
What is the CUSIP number for Intapp, Inc. common stock?
The CUSIP number for Intapp, Inc. common stock is 45827U109.
Filing Stats: 1,315 words · 5 min read · ~4 pages · Grade level 10.3 · Accepted 2024-05-23 16:32:18
Key Financial Figures
- $0.001 — relating to the common stock, par value $0.001 per share (the “Common Stock&rdqu
- $37.33 — ket transactions at prices ranging from $37.33 to $38.005 per share, with a weighted a
- $38.005 — ctions at prices ranging from $37.33 to $38.005 per share, with a weighted average pric
- $37.4503 — share, with a weighted average price of $37.4503 (the “May Sales”). Followin
Filing Documents
- tm2415377d1_sc13da.htm (SC 13D/A) — 71KB
- 0001104659-24-064730.txt ( ) — 72KB
Purpose of Transaction
Item 4. Purpose of Transaction.
of the Schedule 13D is hereby amended and supplemented with
Item 4 of the Schedule 13D is hereby amended and supplemented with the following: The May 2024 Distribution and Sale On May 21, 2024, Great Hill Equity Partners IV, L.P. (“GHEP IV”) distributed all shares of Common Stock owned by it to its partners (the “Distribution”). On May 22, 2024, Great Hill Investors, LLC (“GHI”) disposed of 13,220 shares of Common Stock in a series of open market transactions at prices ranging from $37.33 to $38.005 per share, with a weighted average price of $37.4503 (the “May Sales”). Following the Distribution and the May Sales, the Reporting Persons ceased to be the beneficial owner of any shares of Common Stock.
Interest in Securities of the Issuer
Item 5. Interest in Securities of the Issuer.
(a) –
Item 5 (a) – (c) of the Schedule 13D is hereby amended and supplemented with the following: (a) – (b) This Amendment No. 7 is being filed on behalf of the Reporting Persons to report that, as of May 22, 2024, the Reporting Persons do not beneficially own any shares of the Issuer’s Common Stock. Pursuant to its amended and restated limited partnership agreements, GHEP IV may be deemed to beneficially own (i) 16,385 shares of Common Stock held of record by Christopher Gaffney, and (ii) 16,385 shares of Common Stock held of record by Derek Schoettle. Each of Christopher Gaffney, who serves as Manager of GHI and GHP IV, and Derek Schoettle, who serves as Growth Partner of Great Hill Partners, L.P., served on the board of directors of the Issuer until May 2, 2024. (c) Except as set forth in Item 4, none of the Reporting Persons or Related Persons has effected any transactions in the Common Stock during the past 60 days. (d) None. (e) Following the Distribution and May Sales, the Reporting Persons ceased to be the beneficial owner of any shares of Common Stock. CUSIP No. 45827U109 13D Page 6 of 6 pages
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : May 23, 2024 Great Hill Investors, LLC By: /s/ John S. Dwyer Name: John S. Dwyer Title: Authorized Signatory Great Hill Equity Partners IV, L.P. By: /s/ John S. Dwyer Name: John S. Dwyer Title: Authorized Signatory Great Hill Partners GP IV, L.P. By: /s/ John S. Dwyer Name: John S. Dwyer Title: Authorized Signatory GHP IV, LLC By: /s/ John S. Dwyer Name: John S. Dwyer Title: Authorized Signatory