Intellinetics (INLX) director Taglich receives 10,000 stock options as pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
INTELLINETICS, INC. director and 10% owner Michael N. Taglich received a grant of non-qualified stock options covering 10,000 shares of common stock. The options have an exercise price of $6.11 per share and expire on June 25, 2036.
Following this award, Taglich holds 97,124 stock options directly. The grant was provided as compensation for director services under the company’s 2023 Non-Employee Director Compensation Plan, making it a routine, compensation-related equity award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
TAGLICH MICHAEL N
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-Qualified Stock Option | 10,000 | $0.00 | -- |
Holdings After Transaction:
Non-Qualified Stock Option — 97,124 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Option grant size: 10,000 options
Exercise price: $6.11 per share
Option holdings after grant: 97,124 options
+1 more
4 metrics
Option grant size
10,000 options
Non-qualified stock options granted for director services
Exercise price
$6.11 per share
Exercise price of granted non-qualified stock options
Option holdings after grant
97,124 options
Total stock options held directly after the transaction
Option expiration date
June 25, 2036
Expiration date of newly granted options
Key Terms
Non-Qualified Stock Option, exercise price, 2023 Non-Employee Director Compensation Plan, Form 4
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.
exercise price financial
"conversion_or_exercise_price: "6.1100""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
2023 Non-Employee Director Compensation Plan financial
"in accordance with the Company's 2023 Non-Employee Director Compensation Plan."
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 insider transaction did INTELLINETICS (INLX) report for Michael Taglich?
INTELLINETICS reported that director and 10% owner Michael N. Taglich received 10,000 non-qualified stock options. These options are a compensation grant for director services, not an open-market stock purchase or sale, and give him the right to buy common shares at a set price.
What are the key terms of Michael Taglich’s new INLX stock options?
Taglich was granted non-qualified stock options for 10,000 underlying common shares at a $6.11 exercise price. The options expire on June 25, 2036, providing a long-term incentive tied to INTELLINETICS’ future share performance rather than immediate cash compensation.
How many INTELLINETICS options does Michael Taglich hold after this grant?
After the grant, Taglich holds 97,124 stock options directly. This figure reflects his derivative holdings reported in this filing, showing a sizable option position linked to INTELLINETICS common stock as part of his overall director compensation structure.
Was the INLX option grant to Michael Taglich part of a compensation plan?
Yes. The filing states the 10,000 non-qualified stock options were granted in exchange for director services under INTELLINETICS’ 2023 Non-Employee Director Compensation Plan, indicating a standard, board-approved equity compensation award instead of a discretionary market trade.