Innodata officer plans 10K-share stock sale

An Innodata Inc. officer filed a Form 144 to potentially sell 10,000 common shares after exercising options under a registered plan.

Rhea-AI Filing Summary

INNODATA INC (INOD) received a Form 144 notice indicating that officer Louise Forlenza intends to sell restricted common stock under Rule 144. The filing covers 10,000 shares of common stock, to be sold through Morgan Stanley Smith Barney LLC on NASDAQ on September 14, 2026, following an exercise of options under a registered plan for cash. The notice also reports that the same person sold 10,000 common shares during the prior three months on September 4, 2026 for an aggregate price of $550,114.

Key Figures

Shares to be sold: 10,000 shares Aggregate market value (Form 144 line): $535,483.00 Shares sold in past 3 months: 10,000 shares +2 more

5 metrics

Shares to be sold 10,000 shares Common stock covered by the Form 144 notice for September 14, 2026

Aggregate market value (Form 144 line) $535,483.00 Value associated with the 10,000 common shares listed in the Form 144 securities information

Shares sold in past 3 months 10,000 shares Common stock sold on September 4, 2026 by Louise Forlenza

Aggregate sale price in past 3 months $550,114.00 Total consideration for 10,000 common shares sold on September 4, 2026

Planned sale date September 14, 2026 Date tied to the 10,000 shares to be sold under Form 144

Key Terms

Form 144, Rule 144, Exercise of Options Under a Registered Plan, restricted securities

4 terms

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Exercise of Options Under a Registered Plan financial

"Common | 09/14/2026 | Exercise of Options Under a Registered Plan | Issuer"

restricted securities financial

"Information is to be given not only as to the person for whose account the securities are to be sold"

Restricted securities are shares or other investment instruments that come with legal or contractual limits on when and how they can be sold, like stock given to founders or bought in a private offering. Think of them as assets in a locked box that can’t be freely traded until certain conditions — such as a waiting period, company registration, or specific approvals — are met. For investors this matters because restricted securities are less liquid and can affect timing, price, and perceived value when they eventually enter the market.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for INOD?

It discloses that officer Louise Forlenza has filed a notice under Rule 144 to potentially sell 10,000 shares of Innodata Inc. common stock on September 14, 2026 after exercising options under a registered plan for cash.

How many INOD shares are covered by the planned Rule 144 sale?

The notice covers 10,000 shares of Innodata Inc. common stock, to be sold on or after September 14, 2026, following the exercise of stock options under a registered plan.

What recent sales by the same Innodata (INOD) insider are reported?

The filing reports that Louise Forlenza sold 10,000 shares of Innodata common stock on September 4, 2026 for an aggregate price of $550,114 during the past three months.

Which broker is involved in the potential INOD share sale?

The shares covered by the Form 144 are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services at 1 New York Plaza, on NASDAQ, according to the disclosure.

What is the source of the INOD shares to be sold under Form 144?

The 10,000 Innodata common shares are to be sold following an Exercise of Options Under a Registered Plan, with the transaction described as for cash and the issuer listed as Innodata Inc..

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/14/2026 - 04:15 PM Accepted by SEC EDGAR 09/14/2026 - 04:14 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001197984
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	INNODATA INC.
SEC File Number	001-35774
Address of Issuer	55 CHALLENGER ROAD SUITE 202 RIDGEFIELD PARK NEW JERSEY 07660
Phone	201 371 8000
Name of Person for Whose Account the Securities are To Be Sold	LOUISE FORLENZA
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	10000	535483.00	34382651	09/14/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/14/2026	Exercise of Options Under a Registered Plan	Issuer			10000	09/14/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
LOUISE FORLENZA 55 Challenger Road Ridgefield Park NJ 07660	Common	09/04/2026	10000	550114.00

144: Remarks and Signature

Remarks
Date of Notice	09/14/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Louise C Forlenza
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)