Intellinetics (INLX) awards director 5,000 options at $6.11
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTELLINETICS, INC. director Russell Jean Bernier received a grant of non-qualified stock options covering 5,000 shares of common stock. The options have an exercise price of $6.11 per share, were granted as compensation for director services under the 2023 Non-Employee Director Compensation Plan, and expire on June 25, 2036. Following this award, Bernier holds a total of 13,100 options on the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bernier Russell Jean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option | 5,000 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option — 13,100 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 5,000 options
Exercise price: $6.11 per share
Expiration date: June 25, 2036
+3 more
6 metrics
Option grant size
5,000 options
Non-qualified stock option grant to director on June 25, 2026
Exercise price
$6.11 per share
Exercise price of newly granted non-qualified stock options
Expiration date
June 25, 2036
Expiration of non-qualified stock options granted to director
Underlying shares
5,000 shares
Shares of common stock underlying new option grant
Total options after grant
13,100 options
Director’s total reported option holdings following this transaction
Transaction price
$0.00
Grant awarded at no cash cost to the director
Key Terms
Non-Qualified Stock Option, 2023 Non-Employee Director Compensation Plan, exercise price
3 terms
Non-Qualified Stock Option financial
"security_title: "Non-Qualified Stock Option""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
2023 Non-Employee Director Compensation Plan financial
"in accordance with the Company's 2023 Non-Employee Director Compensation Plan"
exercise price financial
"conversion_or_exercise_price": "6.1100""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
FAQ
What did Intellinetics (INLX) disclose about director Russell Bernier in this Form 4?
Intellinetics reported that director Russell Jean Bernier received a grant of 5,000 non-qualified stock options. These options relate to the company’s common stock and were issued as compensation for his director services under the 2023 Non-Employee Director Compensation Plan.
What are the key terms of Russell Bernier’s new Intellinetics (INLX) stock options?
Bernier’s 5,000 non-qualified stock options carry a $6.11 exercise price per share and expire on June 25, 2036. Each option is exercisable into one share of Intellinetics common stock, providing potential future equity exposure if exercised.
How many Intellinetics (INLX) options does Russell Bernier hold after this grant?
After receiving the 5,000-option grant, Russell Bernier’s total reported holdings of Intellinetics stock options increased to 13,100. This figure reflects his direct derivative position in company equity as shown in this Form 4 filing.
Was the Intellinetics (INLX) option grant to Russell Bernier an open-market transaction?
No. The filing shows the transaction code “A,” indicating a grant or award, not an open-market purchase. The 5,000 non-qualified stock options were granted as compensation, with a transaction price of $0.00 and a $6.11 exercise price per share.
Why did Intellinetics (INLX) grant stock options to director Russell Bernier?
The Form 4 footnote states the options were granted in exchange for director services to Intellinetics. The grant was made in accordance with the company’s 2023 Non-Employee Director Compensation Plan, aligning director pay with potential future share performance.