IDN Form 4: Adam Sragovicz Exercises 45,249 Options and Sells Shares

Rhea-AI Filing Summary

Adam Sragovicz, identified as Chief Financial Officer of Intellicheck, Inc. (IDN), reported transactions dated 09/10/2025. The filing shows exercise of a stock option to buy 45,249 shares at an exercise price of $2.21 and a non-derivative acquisition of 45,429 common shares at $2.21. The report also records a disposition of 18,628 common shares at a weighted average price of $5.41. Post-transaction beneficial ownership figures are reported as 55,429 and 36,801 shares for the respective lines, and 45,249 derivative shares held following the option exercise. The filing includes the vesting schedule for the option and a note that shares were delivered or withheld to cover exercise price or taxes.

Insights

Securities Analyst

TL;DR Insider exercised options, acquired shares at $2.21 and sold some shares at ~$5.41; net position shows continued meaningful ownership.

The reported activity is a routine Section 16 disclosure documenting an option exercise and sale. The exercise converted 45,249 options into common shares at $2.21 and a separate acquisition of 45,429 shares at $2.21 is recorded. A disposition of 18,628 shares at a weighted average of $5.41 is also reported. These transactions change the insiders share count but are consistent with option vesting and tax/withholding mechanics rather than an abrupt change in control. Impact on market perception is likely neutral absent other material events.

Corporate Governance Expert

TL;DR Transactions reflect standard executive option vesting and tax-withholding; disclosure complies with Section 16 requirements.

The form discloses the vesting schedule and an explicit statement that shares were delivered or withheld to satisfy exercise price or tax liability, consistent with Rule 16b-3 mechanics. The filing is timely and signed, showing procedural compliance. From a governance perspective, the mix of acquisition and disposition is typical for executives managing compensation-related tax obligations and does not by itself indicate governance concerns.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sragovicz Adam

(Last) (First) (Middle)

200 BROADHOLLOW ROAD

SUITE 207

(Street)

MELVILLE NY 11747

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Intellicheck, Inc. [ IDN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.001 par value	09/10/2025		M		45,429	A	$2.21	55,429	D
Common Stock, $.001 par value	09/10/2025		F(1)		18,628	D	$5.41(2)	36,801	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$2.21	09/10/2025		M		45,249		09/01/2025(3)	09/01/2029	Common Stock, $.001 par value	45,249	$0	45,249	D

Explanation of Responses:

1. Payment of exercise price or tax liability by delivering or withholding securities incident to the exercise of Stock Options issued in accordance with Rule 16b-3.

2. Reflects a weighted average price per share of $5.41 (rounded to two decimal places) for transactions between $5.33 and $5.53 per share.

3. Stock Option shall vest follows: one-half after one year then one-eighth of the remaining unvested options shall vest quarterly over the next two years so that the option is fully vested after three years.

Remarks:

	/s/ Adam Sragovicz	09/11/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Intellicheck (IDN) CFO Adam Sragovicz report on 09/10/2025?

The filing reports an option exercise converting 45,249 options into shares at $2.21, an acquisition of 45,429 common shares at $2.21, and a disposition of 18,628 shares at a weighted average of $5.41.

How many shares does Adam Sragovicz beneficially own after the reported transactions?

The form lists post-transaction beneficial ownership figures of 55,429 and 36,801 shares for the two non-derivative lines and 45,249 derivative shares following the option exercise.

Why were shares delivered or withheld in these transactions?

The filing explains shares were delivered or withheld to pay the option exercise price or tax liability related to the stock option exercise, consistent with standard practice.

What is the vesting schedule for the exercised option?

The option vests one-half after one year and then one-eighth of the remaining unvested options quarterly over the next two years, fully vesting after three years.

Does this Form 4 indicate a change in reporting obligations?

The form includes a checkbox area for Section 16 status but does not state any change; the filing is a standard disclosure of insider transactions.