Intellicheck, Inc. (IDN) SEC Filings

Intellicheck, Inc. (IDN) is the issuer for a planned resale of its Class A Common Stock by affiliate Jonathan Robins under Rule 144. The filing lists a proposed sale of 10,000 shares through J.P. Morgan Securities LLC on or about 08/24/2026 on NASDAQ, with an aggregate market value of $28,895.54. The shares relate to stock options acquired on 03/15/2024 for 26,250 shares, with cash payment noted for 08/25/2026. Robins previously sold 5,550 shares of Intellicheck common stock in the past three months for $23,421.

Intellicheck, Inc. reported strong year-over-year improvement for the quarter and six months ended June 30, 2026. Revenue grew to $5.9M for the quarter and $11.5M year‑to‑date, driven mainly by higher Software‑as‑a‑Service (SaaS) transaction volumes. Gross margin remained very high at about 91%, and operating expenses declined modestly, resulting in a swing from net losses in 2025 to net income of $663K for the quarter and $1.3M for the first half of 2026.

The company ended June 30, 2026 with $11.8M in cash and no debt, working capital of $12.2M, and stockholders’ equity of $22.5M. Management expects existing cash and operating cash flow to cover working capital needs for at least 12 months and continues to report effective internal controls. However, one major customer contributed 29% of first‑half 2026 revenue and is transitioning many identity‑verification use cases to an alternative vendor. Based on the customer’s plan, Intellicheck expects a 70–75% reduction in that customer’s transaction volumes in the second half of 2026 and now anticipates total 2026 revenue will decline versus 2025, while still remaining net‑income positive and generating positive Adjusted EBITDA.

Intellicheck, Inc. reported solid second-quarter 2026 results, with revenue of $5.9 million, up 16% year-over-year and 7% sequentially, driven almost entirely by SaaS. Gross margin improved to 91.3%, and operating expenses were flat year-over-year at $4.9 million, supporting improved profitability.

The company generated net income of $0.7 million versus a net loss of $0.3 million a year earlier, and delivered Adjusted EBITDA of $1.1 million, its fifth consecutive positive quarter. Banking and lending contributed about 48% of Q2 revenue and retail about 29%, with additional traction in cargo, auto, stadiums, and age-related use cases. Intellicheck ended the quarter with $11.8 million in cash, no debt, and $2.2 million in operating cash flow for the first half of 2026.

Management highlighted a key risk: a major customer representing approximately 29% of first-half 2026 revenue is moving from a sole-source to a multi-source vendor architecture and testing an alternative solution, which is expected to negatively affect transaction volumes over time, though the main transition had not yet materially impacted results through June 30, 2026.

Vanguard Capital Management has filed an amended Schedule 13G reporting its beneficial ownership in Intellicheck Inc common stock. Vanguard reports beneficial ownership of 940,394 shares, representing 4.64% of the outstanding common stock. Vanguard has sole voting power over 129,374 shares and sole dispositive power over all 940,394 shares, with no shared voting or dispositive power. The filing explains that these holdings reflect securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC together with specified affiliated entities and Vanguard funds and client accounts over which they exercise voting and/or dispositive power.

BlackRock, Inc. reports beneficial ownership of common stock of Intellicheck Inc (IDN) on a Schedule 13G. BlackRock and certain of its reporting business units collectively hold 1,023,054 shares of Intellicheck common stock, representing 5.1% of the class.

BlackRock has sole voting power over 1,008,048 shares and sole dispositive power over all 1,023,054 shares, with no shared voting or dispositive power. Various underlying clients and investors have rights to dividends or sale proceeds, but no individual person has an interest exceeding five percent of Intellicheck’s outstanding common shares.

Intellicheck, Inc. beneficial ownership update: AIGH Capital Management LLC, AIGH Investment Partners LLC, and Orin Hirschman jointly report that they no longer beneficially own any shares of Intellicheck, Inc. common stock. They disclose 0 shares beneficially owned, representing 0% of the class.

For each reporting person, the filing lists 0 shares with sole or shared voting power and 0 shares with sole or shared dispositive power, confirming that their aggregate ownership has fallen to 5% or less of the outstanding common stock.

Intellicheck, Inc. adopted Second Amended and Restated Bylaws effective July 17, 2026, following a comprehensive overhaul of bylaws last updated in August 2007. The changes modernize governance to align with Delaware General Corporation Law, including electronic communications, remote stockholder meetings, and electronic records.

Key updates address how and by whom annual and special meetings are called, quorum definitions, and voting standards, moving to a majority of the votes cast standard for most matters and director elections (with plurality voting when nominees exceed open seats). The bylaws add advance notice requirements for stockholder nominations and other business, implement provisions related to the SEC’s universal proxy rules, remove a prior clause allowing directors to remove other directors for cause, give the Board sole authority to fill vacancies (subject to law and the charter), and codify indemnification and advancement protections for directors and officers.

Intellicheck, Inc. announced that Chief Technology Officer Jonathan Robins decided to separate from employment for personal family reasons. He notified the company on July 16, 2026, and his separation becomes effective after a transition period.

Under a Memorandum of Understanding dated July 16, 2026, Robins is placed on unpaid leave from July 18, 2026 through October 16, 2026, which will be his final day of employment. During this unpaid leave, Intellicheck will continue his company healthcare benefits at its expense, with active coverage ending October 31, 2026. If he elects COBRA, the company will pay the full cost of COBRA continuation coverage from November 1, 2026 through March 31, 2027. Robins has agreed to execute a separation agreement near his final employment date, including a waiver and release of employment-related claims as permitted by law. The full MOU will be filed with the Quarterly Report for the quarter ended September 30, 2026.

Intellicheck, Inc. director David E. Ullman reported an acquisition of 3,149 shares of common stock on July 15, 2026, via a grant of restricted stock units that convert one-for-one into common shares and vested in full on the Grant Date, bringing his direct holdings to 57,097 shares.