Intellinetics (INLX) director awarded 5,000 options for board service
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Intellinetics, Inc. director Paul Seid was granted stock options as part of his board compensation. He received a non-qualified stock option covering 5,000 shares of common stock at an exercise price of $6.11 per share, expiring June 25, 2036.
The grant was awarded for director services under the company’s 2023 Non-Employee Director Compensation Plan. Following this award, Seid holds options on a total of 15,500 shares of Intellinetics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SEID PAUL
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option | 5,000 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option — 15,500 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
Exercise price
$6.11 per share
Strike price for newly granted options
Expiration date
June 25, 2036
Option term for 5,000-share grant
Underlying shares
5,000 shares
Common stock covered by new option
Total options after grant
15,500 options
Director’s derivative holdings following transaction
Transaction code
A (grant/award acquisition)
Form 4 transaction classification
Key Terms
Non-Qualified Stock Option, 2023 Non-Employee Director Compensation Plan, grant/award acquisition, derivative
4 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"
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
derivative financial
"transaction_type: "derivative""
A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.
FAQ
What insider transaction did Intellinetics (INLX) report for Paul Seid?
Intellinetics reported that director Paul Seid received a grant of 5,000 non-qualified stock options. These options were issued as compensation for his director services under the company’s 2023 Non-Employee Director Compensation Plan.
What is the exercise price of Paul Seid’s new Intellinetics (INLX) options?
The newly granted non-qualified stock options to director Paul Seid have an exercise price of $6.11 per share. This is the price he must pay to purchase each share of Intellinetics common stock upon exercising the options.
When do Paul Seid’s newly granted Intellinetics (INLX) options expire?
Paul Seid’s 5,000 non-qualified stock options in Intellinetics expire on June 25, 2036. After this expiration date, any unexercised portion of the option grant will no longer be available for him to exercise into common shares.
How many Intellinetics (INLX) options does Paul Seid hold after this grant?
After receiving the new 5,000 non-qualified stock options, director Paul Seid holds options on a total of 15,500 shares. This figure reflects his aggregate derivative holdings in Intellinetics common stock reported in this Form 4 filing.
Why did Intellinetics (INLX) grant stock options to director Paul Seid?
The stock options were granted to Paul Seid in exchange for his director services to Intellinetics. The footnote states the award was made under the company’s 2023 Non-Employee Director Compensation Plan, which governs compensation for non-employee directors.