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  4. [Form 4] INTELLINETICS, INC. Insider Trading Activity

Taglich (INLX) disposes 35,732 shares; 734,650 shares remain indirect

Filing Impact
(Moderate)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Michael N. Taglich, a director and reported >10% owner through Taglich Brothers, Inc., reported a sale of 35,732 shares of Intellinetics, Inc. (INLX) on 10/07/2025 at a reported price of $11 per share. After the sale, the filing shows 734,650 shares beneficially owned indirectly. The Form 4 is signed on 10/09/2025, and the report identifies the reporter's address in Cold Spring Harbor, NY.

Positive

  • Continued substantial ownership: Reporter retains 734,650 shares indirectly after the sale
  • Regulatory compliance: Transaction was disclosed on Form 4 and signed on 10/09/2025

Negative

  • Insider sale: Disposal of 35,732 shares at $11 per share on 10/07/2025
  • Indirect sale by >10% owner: The seller is a reported 10% owner, making the disposition potentially material to ownership structure

Insights

Director sold a portion of indirect holdings; significant residual stake remains.

The sale of $11-priced shares reduces the reporter's indirect stake by 35,732 shares, leaving 734,650 shares beneficially owned through Taglich Brothers, Inc.. This shows continued substantial indirect ownership despite the disposition.

Primary dependencies are the size of the remaining indirect stake relative to total outstanding shares and whether further open-market activity follows; monitor subsequent Section 16 filings within 45 days for additional trades.

Transaction is a simple reported sale; disclosure was made via Form 4.

The reporting uses transaction code "S" (sale) with an executed date of 10/07/2025 and an indicated price of $11 per share. Ownership is listed as indirect (I), with the filer citing Taglich Brothers, Inc. in the explanation.

Because the filing is routine, the main short-term item to watch is any pattern of sales by the same reporting person or by other insiders that could affect market perception; additional Form 4s will show that pattern over the next weeks.

Insider TAGLICH MICHAEL N
Role Director, 10% Owner
Sold 35,732 shs ($393K)
Type Security Shares Price Value
Sale Common Stock 35,732 $11.00 $393K
Holdings After Transaction: Common Stock — 734,650 shares (Indirect, See Footnote)
Footnotes (1)
  1. [object Object]
Form 4 Insider Transactions: What Each Field Means →
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*
TAGLICH MICHAEL N
(Last) (First) (Middle)
37 MAIN STREET
(Street)
COLD SPRING HARBOR, NY 11724
(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 X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025
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 10/07/2025 S 35,732 D $11 734,650 I See Footnote(1)
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
Explanation of Responses:
1. By Taglich Brothers, Inc.
/s/ Michael N. Taglich 10/09/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Michael N. Taglich report on Form 4 for INLX?

He reported a sale of 35,732 shares of INLX on 10/07/2025 at $11 per share and now beneficially owns 734,650 shares indirectly.

How is ownership held according to the filing?

Ownership is reported as indirect (I) through Taglich Brothers, Inc., per the explanation.

What is the reporter's relationship to Intellinetics (INLX)?

The filer is listed as a Director and a 10% owner of the company.

When was the Form 4 signed and filed?

The Form 4 bears the reporter's signature dated 10/09/2025.

What transaction code was used for the sale?

The filing shows transaction code "S", which indicates a sale of shares.