[Form 4] Intellinetics, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Intellinetics (OTCQB: INLX) filed a Form 4 reporting CEO/Director James F. DeSocio's insider transaction on 06/23/25. He exercised 25,000 stock options at $4.00 (code M) issued under the 2015 Equity Incentive Plan. To cover the $100,000 exercise cost and applicable taxes, the company withheld 9,330 shares at $12.88 (code F), leaving a net addition of 15,670 shares to his direct holdings.

After the transaction, DeSocio directly owns 83,055 common shares and still holds 102,854 unexercised options expiring 03/10/29. The move increases his direct equity stake by more than 20%, crossing the 5% materiality threshold for insider transactions. No open-market sale occurred; dilution to existing shareholders is de-minimis, but the exercise price vs. market price (~$12.88) implies a 222% intrinsic gain, potentially signaling insider confidence.

Positive

• CEO increased direct ownership by 15,670 shares, a >20% rise, suggesting strengthened management alignment with shareholders

Negative

• None.

Insights

Insider Transactions Analyst

TL;DR: CEO adds 15.7k shares via option exercise; >5% stake jump, bullish signal, negligible dilution.

The $4.00 strike versus $12.88 FMV gives a $221k intrinsic value, suggesting management believes upside remains. Because 25,000 shares equal roughly 19% of his post-deal direct stake, the trade meets the materiality screen. Importantly, the F-coded tax withholding means no shares hit the open market, limiting supply pressure. With 102,854 options still outstanding, further exercises could occur yet remain within the existing incentive plan, so dilution risk is small. Investors often view sizable option conversions accompanied by retained shares—not immediate sales—as a positive sentiment indicator.

Portfolio Manager

TL;DR: Insider confidence up, liquidity impact trivial; watch for future option overhang.

The transaction modestly increases the public float (15,670 shares ≈0.2% of basic shares, assuming ~8 M O/S). From a portfolio-risk angle, the limited size means no valuation shift, but insider alignment improves: DeSocio now has ~$1.1 M tied to common stock at the filing's reference price. Remaining options (102,854) equate to ~1.3% potential dilution—worth monitoring but not alarming. Absent concurrent sales, the move skews sentiment positive; however, investors should track whether forthcoming exercises are similarly retained or sold into the market.

SEC Form 4

FORM 4

UNITED 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^*

DESOCIO JAMES F

(Last) (First) (Middle)

2190 DIVIDEND DR

(Street)

COLUMBUS, OH 43228

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
INTELLINETICS, INC. [ INLX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CHIEF EXECUTIVE OFFICER

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2025		M		25,000	A	$4	83,055	D
Common Stock	06/23/2025		F(1)		9,330	D	$12.88	73,725	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	$4	06/23/2025		M			25,000	(2)	03/10/2029	Common Stock	25,000	(3)	102,854	D

Explanation of Responses:

1. The reported transaction involved the exercise of a stock option by Mr. DeSocio. The Company withheld an amount of the common stock from the stock option having a fair market value equal to the sum of the exercise price and any amounts required to be withheld for tax purposes and issued the net shares to Mr. DeSocio.

2. Currently exercisable.

3. The option was granted under the 2015 Intellinetics, Inc. Equity Incentive Plan, and therefore the reporting person paid no price for the option.

	/s/ James F. DeSocio	06/25/2025
	** Signature of Reporting Person	Date
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.

FAQ

How many Intellinetics shares did CEO James DeSocio acquire on 06/23/2025?

He exercised 25,000 options and, after tax withholding, received a net 15,670 common shares.

What was the exercise price of the options converted by INLX's CEO?

The options were exercised at $4.00 per share.

What is DeSocio's total direct share ownership after the Form 4 transaction?

His direct holdings increased to 83,055 common shares.

Did the CEO sell any shares on the open market?

No. The 9,330 shares reported under code F were withheld by the company for taxes; no open-market sale occurred.

How many unexercised options does the CEO still hold?

DeSocio retains 102,854 stock options, exercisable through 03/10/2029.