Intellinetics (INLX) strategy chief uses 3,510 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTELLINETICS, INC. chief strategy officer Matthew L. Chretien reported two share dispositions that were strictly for tax withholding, not open-market sales. On April 8, 2026, he remitted a total of 3,510 shares of common stock back to the company to cover withholding taxes on vesting restricted stock grants originally awarded on March 28, 2025 and April 2, 2024. After these tax-withholding transactions, he directly holds 51,775 shares of Intellinetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Chretien Matthew L
Role
CHIEF STRATEGY OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 810 | $7.25 | $6K |
| Tax Withholding | Common Stock | 2,700 | $7.50 | $20K |
Holdings After Transaction:
Common Stock — 54,475 shares (Direct)
Footnotes (1)
- Stock remitted by Mr. Chretien to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on March 28, 2025. Stock remitted by Mr. Chretien to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on April 2, 2024.
Key Figures
Shares remitted for taxes: 3,510 shares
First tax-withholding block: 810 shares at $7.25
Second tax-withholding block: 2,700 shares at $7.50
+1 more
4 metrics
Shares remitted for taxes
3,510 shares
Tax withholding on vesting restricted stock on April 8, 2026
First tax-withholding block
810 shares at $7.25
Common stock remitted for withholding taxes on April 8, 2026
Second tax-withholding block
2,700 shares at $7.50
Additional common stock remitted for withholding taxes on April 8, 2026
Shares owned after transactions
51,775 shares
Direct holdings of Matthew L. Chretien after April 8, 2026 Form 4 events
Key Terms
tax-withholding disposition, restricted stock grant, withholding taxes, Form 4
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock grant financial
"withholding taxes for currently vesting portion of restricted stock grant originally awarded"
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 Mr. Chretien 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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4)"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What did Intellinetics (INLX) executive Matthew L. Chretien report on this Form 4?
Matthew L. Chretien reported remitting shares to Intellinetics to pay withholding taxes on vesting restricted stock. These were tax-withholding dispositions, not open-market sales, and reflect routine settlement of tax obligations tied to equity compensation awards.
Were the Intellinetics (INLX) transactions open-market sales by the executive?
No, the transactions were not open-market sales. Both are coded as F and described as payment of tax liability by delivering securities, meaning shares were returned to the company solely to cover withholding taxes on vesting restricted stock grants.
Which Intellinetics (INLX) equity awards triggered the tax withholding in this Form 4?
The tax withholding relates to the currently vesting portions of restricted stock grants originally awarded to Matthew L. Chretien on March 28, 2025 and April 2, 2024. Shares were remitted back to Intellinetics to satisfy associated withholding tax obligations on those vesting awards.