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Intellinetics (INLX) CEO receives stock and option awards

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

INTELLINETICS, INC. reported that CEO Alison G. Forsythe received multiple equity awards in the form of common stock and stock-based incentives. These are compensation-related grants rather than open-market purchases or sales.

On April 1, 2026, she was granted two derivative awards tied to 48,533 shares of common stock each, at $7.45 per share, with exercise dates on April 1, 2027 and April 1, 2028 and an expiration on April 1, 2036. Following these grants, derivative-related holdings reported in this filing increased to 133,197 shares. She also acquired 36,131 shares of common stock as a non-derivative award. A separate entry shows 12,403 shares remitted to the company to cover withholding taxes for the vesting portion of a restricted stock grant, so that disposition reflects tax payment rather than a market sale.

Positive

  • None.

Negative

  • None.
Insider Forsythe Alison G.
Role CHIEF EXECUTIVE OFFICER
Type Security Shares Price Value
Grant/Award Common Stock 48,533 $7.45 $362K
Grant/Award Common Stock 48,533 $7.45 $362K
Grant/Award Common Stock 36,131 $7.45 $269K
Tax Withholding Common Stock 12,403 $7.45 $92K
Holdings After Transaction: Common Stock — 84,664 shares (Direct)
Footnotes (1)
  1. Stock acquired by Ms. Forsythe for currently vested portion of restricted stock grant originally awarded on April 1, 2026. Stock remitted by Ms. Forsythe to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on April 1, 2026.
Derivative award size 48,533 shares Each derivative grant of common stock on April 1, 2026
Exercise price $7.45 per share Price for each derivative award linked to common stock
Derivative holdings after grants 133,197 shares Total derivative-related shares following second April 1, 2026 grant
Restricted stock award 36,131 shares Non-derivative common stock award to CEO on April 1, 2026
Shares remitted for taxes 12,403 shares Shares delivered to company for withholding taxes on vesting grant
Derivative expiration date April 1, 2036 Expiration date for both derivative awards
restricted stock grant financial
"currently vested portion of restricted stock grant originally awarded on April 1, 2026"
A restricted stock grant is an award of company shares given to an employee or executive that cannot be sold or transferred until certain conditions are met, such as staying with the company for a set time or hitting performance goals. For investors, it signals how the company ties pay to future performance and can affect the number of shares outstanding and management’s incentives—think of it as a wrapped gift you only keep once you meet the requirements.
withholding taxes financial
"Stock remitted by Ms. Forsythe to the Company for payment of withholding taxes"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
grant, award, or other acquisition financial
"transaction code description shows Grant, award, or other acquisition"
Payment of exercise price or tax liability by delivering securities financial
"transaction code description Payment of exercise price or tax liability by delivering securities"
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Forsythe Alison G.
(Last)(First)(Middle)
2190 DIVIDEND DR
(Street)
COLUMBUS OHIO 43228
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INTELLINETICS, INC. [ INLX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
CHIEF EXECUTIVE OFFICER
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock(1)04/01/2026A36,131A$7.4536,131D
Common Stock(2)04/01/2026F12,403D$7.4536,131D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock$7.4504/01/2026A48,53304/01/202704/01/2036Common Stock48,533$7.4584,664D
Common Stock$7.4504/01/2026A48,53304/01/202804/01/2036Common Stock48,533$7.45133,197D
Explanation of Responses:
1. Stock acquired by Ms. Forsythe for currently vested portion of restricted stock grant originally awarded on April 1, 2026.
2. Stock remitted by Ms. Forsythe to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on April 1, 2026.
/s/ Alison Forsythe04/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did INLX CEO Alison Forsythe receive in this Form 4 filing?

Alison Forsythe received equity compensation, including option-like derivative awards and restricted stock. Two grants each tied to 48,533 shares at $7.45 per share and a 36,131-share stock award increased her reported holdings as part of her overall pay package.

How many INLX derivative shares were granted to the CEO and at what price?

The CEO received two derivative awards, each linked to 48,533 shares of Intellinetics common stock at $7.45 per share. These awards have exercise dates in 2027 and 2028 and share a common expiration date in 2036, reflecting long-term incentive compensation.

What non-derivative stock award did the INLX CEO report?

The filing shows Alison Forsythe acquired 36,131 shares of Intellinetics common stock as a non-derivative award. This represents restricted stock granted as part of her compensation, adding directly to her share ownership rather than only providing future option rights.

Were any INLX shares sold by the CEO in the market in this Form 4?

No open-market sale is reported. A disposition of 12,403 shares is labeled as payment of withholding taxes on a vesting restricted stock grant. Those shares were remitted to the company to satisfy tax obligations, not sold in the open market.

How many INLX shares were used to cover the CEO’s tax withholding?

The Form 4 shows 12,403 shares of Intellinetics common stock remitted to the company to cover withholding taxes. This tax-related disposition is coded as an F transaction, indicating payment of tax liability by delivering securities instead of cash.

What are the key dates for the INLX CEO’s derivative awards?

The derivative awards have exercise dates of April 1, 2027 and April 1, 2028, with a common expiration date of April 1, 2036. These timelines indicate the periods when the CEO can exercise her rights to acquire common stock at the fixed $7.45 price.