Intellinetics CFO uses 843 shares for taxes
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Form Type
4
Rhea-AI Filing Summary
INTELLINETICS, INC. Chief Financial Officer Joseph D. Spain reported a small share disposition related to taxes, not an open-market trade. On the vesting of a restricted stock grant originally awarded on March 28, 2025, 843 shares of common stock at $7.25 per share were remitted to the company to cover withholding taxes. After this tax-withholding transaction, he directly holds 30,907 shares of Intellinetics common stock.
Insider Trade Summary
Exercise Price or Tax Liability: 843 shares
Exercise Price or Tax Liability
1 txn
Insider
Spain Joseph D
Role
CHIEF FINANCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 843 | $7.25 | $6K |
Holdings After Transaction:
Common Stock — 30,907 shares (Direct)
Footnotes (1)
- F1. Stock remitted by Mr. Spain to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on March 28, 2025.
Key Figures
Tax-withholding shares: 843 shares
Transaction price: $7.25 per share
Post-transaction holdings: 30,907 shares
+2 more
5 metrics
Tax-withholding shares
843 shares
Shares remitted for withholding taxes on vesting restricted stock
Transaction price
$7.25 per share
Value used for tax-withholding disposition of 843 shares
Post-transaction holdings
30,907 shares
Common stock directly held by CFO after transaction
Transaction date
2026-04-08
Date of tax-withholding disposition reported on Form 4
Award grant date
March 28, 2025
Original grant date of restricted stock that partially vested
Key Terms
restricted stock grant, withholding taxes, tax-withholding disposition, Form 4, +1 more
5 terms
restricted stock grant financial
"restricted stock grant originally awarded on March 28, 2025"
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
"for payment of withholding taxes for currently vesting portion"
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.
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.
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.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Intellinetics (INLX) disclose in Joseph Spain’s latest Form 4?
Intellinetics reported that CFO Joseph D. Spain used 843 shares of common stock, valued at $7.25 per share, to pay withholding taxes on a vesting restricted stock grant. This is a routine compensation-related tax transaction rather than an open-market trade.
Is the Intellinetics (INLX) CFO’s Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 843 shares were remitted back to Intellinetics to satisfy withholding taxes on a restricted stock grant vesting, as described in the filing’s transaction code F and related footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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