Intellinetics SEC Filings

Form 4 filing reveals that Michael N. Taglich, who serves as both a Director and 10% Owner of Intellinetics (INLX), received a significant stock option grant on June 21, 2025. The insider was awarded 9,000 non-qualified stock options with the following terms:

• Exercise price set at $12.88 per share
• Options become exercisable on June 21, 2025
• Expiration date of June 20, 2035
• Total derivative securities beneficially owned after transaction: 87,124

The options were granted as compensation for director services under the company's 2023 Non-Employee Director Compensation Plan. This transaction demonstrates continued alignment between the director's interests and shareholder value through long-term equity incentives.

Intellinetics, Inc. (INLX) – Form 4 insider filing dated 06/25/2025

Director Paul Seid received a grant of 4,500 non-qualified stock options on 06/21/2025 at an exercise price of $12.88 per share. The options were issued under the company’s 2023 Non-Employee Director Compensation Plan and expire on 06/20/2035. Following the award, Seid holds 10,500 derivative securities linked to INLX common stock. No shares were bought or sold, and no non-derivative positions were reported.

The transaction is routine director compensation and does not involve cash outlay, immediate share issuance, or a change in board composition.

Form 4 Filing Details: Stanley P. Jaworski Jr., Director of Intellinetics (INLX), received a new grant of stock options on June 21, 2025. The transaction was reported on June 28, 2025.

Key Transaction Details:

• Received 4,500 non-qualified stock options at an exercise price of $12.88 per share
• Options are exercisable from June 21, 2025, and expire on June 20, 2035
• Grant was made as compensation for director services under the company's 2023 Non-Employee Director Compensation Plan
• Following the transaction, Jaworski holds 10,500 derivative securities in direct ownership

This equity compensation grant aligns the director's interests with shareholders and represents standard board compensation practices. The 10-year exercise period provides long-term incentive alignment.

Form 4 overview: On 06/21/2025, Intellinetics, Inc. (ticker: INLX) granted Director John C. Guttilla a non-qualified stock option for 4,500 shares of common stock at an exercise price of $12.88 per share. The option is immediately exercisable and expires on 06/20/2035.

Following the grant, Guttilla now beneficially owns 10,500 derivative securities (stock options) in total. The grant was made under the company’s 2023 Non-Employee Director Compensation Plan as payment for board service; no open-market purchase or sale of common shares was reported.

Key implications for investors:

• The transaction increases insider exposure but involves derivative—not cash—ownership, so direct capital outlay by the director is minimal.
• The option strike of $12.88 sets a performance hurdle; value is realized only if INLX trades above this level before 06/20/2035.
• Dilution impact is de-minimis—4,500 shares represent a small fraction of INLX’s outstanding share count (exact percentage not disclosed in the filing).

No other equity transactions, sales, or purchases were disclosed.

Intellinetics (OTCQB: INLX) filed a Form 4 reporting CEO/Director James F. DeSocio's insider transaction on 06/23/25. He exercised 25,000 stock options at $4.00 (code M) issued under the 2015 Equity Incentive Plan. To cover the $100,000 exercise cost and applicable taxes, the company withheld 9,330 shares at $12.88 (code F), leaving a net addition of 15,670 shares to his direct holdings.

After the transaction, DeSocio directly owns 83,055 common shares and still holds 102,854 unexercised options expiring 03/10/29. The move increases his direct equity stake by more than 20%, crossing the 5% materiality threshold for insider transactions. No open-market sale occurred; dilution to existing shareholders is de-minimis, but the exercise price vs. market price (~$12.88) implies a 222% intrinsic gain, potentially signaling insider confidence.

On June 18, 2025 Intellinetics, Inc. (NYSE American: INLX) filed a Form 8-K disclosing two principal items: the full, penalty-free prepayment of its outstanding promissory notes and the results of its 2025 Annual Meeting of Stockholders.

Termination of notes: INLX repaid an aggregate $1,373,740, consisting of $1,339,500 principal and $34,240 accrued interest, on notes originally maturing December 31, 2025. The early retirement removes the liability from the balance sheet and halts further interest expense. Of the amount repaid, $545,772 went to related parties Michael N. Taglich (director >10% holder) and Robert F. Taglich (>10% holder).

Annual meeting outcomes: With 2,207,584 shares (50.8% of the 4,341,458 shares outstanding) present, stockholders re-elected all six director nominees—each receiving ≈98% “for” votes—and ratified GBQ Partners LLC as independent auditor for fiscal 2025 by a 2,207,027-to-557 vote.

The company furnished a June 24, 2025 press release (Exhibit 99.1) announcing the debt prepayment; the information is deemed furnished, not filed, under the Exchange Act.