INOD insider files to sell 18,000 shares

INOD: Notice of proposed sale of 18,000 shares by an insider Louise Forlenza reported a proposed disposition of 18,000 shares on 05/21/2026 tied to an exercise of options under a registered plan.

Rhea-AI Filing Summary

INOD: Notice of proposed sale of 18,000 shares by an insider

Louise Forlenza reported a proposed disposition of 18,000 shares on 05/21/2026 tied to an exercise of options under a registered plan. The filing lists prior reported sales in the three months before the proposed sale: 30,000, 15,000, and 5,000 common shares on 05/12/2026, 05/20/2026, and 05/19/2026, respectively. Cash is shown as consideration for the reported exercise.

Insights

Corporate Governance Analyst

Routine insider disposition notice under a registered plan; no new corporate action disclosed.

The filing shows a proposed sale of 18,000 shares through the exercise of options under a registered plan on 05/21/2026. This is presented as a planned transaction tied to option exercise rather than an open‑market purchase.

Cash consideration is recorded for the exercise. Subsequent filings or broker reports would disclose actual sale execution and price; timing and net proceeds are not stated here.

Key Figures

Proposed disposition: 18,000 shares Prior sale — May 12: 30,000 shares Prior sale — May 20: 15,000 shares +1 more

4 metrics

Proposed disposition 18,000 shares exercise of options under a registered plan on 05/21/2026

Prior sale — May 12 30,000 shares sale on 05/12/2026 for $2,665,938.00

Prior sale — May 20 15,000 shares sale on 05/20/2026 for $1,385,025.50

Prior sale — May 19 5,000 shares sale on 05/19/2026 for $430,508.50

Key Terms

Form 144, exercise of options under a registered plan, consideration: Cash

3 terms

Form 144 regulatory

"Notice of proposed sale of securities by an affiliate (Form 144)"

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.

exercise of options under a registered plan financial

"Exercise of options under a registered plan on 05/21/2026"

consideration: Cash financial

"Cash shown as consideration for the reported exercise"

FAQ

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

What does INOD's Form 144 filed by Louise Forlenza report?

It reports a proposed disposition of 18,000 shares via option exercise on 05/21/2026. The notice also lists earlier dispositions of 30,000, 15,000, and 5,000 shares in May 2026.

Does the Form 144 show how much Louise Forlenza will receive?

The filing shows cash as the form of consideration for the exercise. The filing lists dollar proceeds for prior sales (e.g., $2,665,938.00 for 30,000 shares) but does not state proceeds for the proposed 18,000‑share transaction.

Were there recent insider sales for INOD before 05/21/2026?

Yes. The filing lists sales of 30,000 shares on 05/12/2026 for $2,665,938.00, 15,000 shares on 05/20/2026 for $1,385,025.50, and 5,000 shares on 05/19/2026 for $430,508.50 as shown in the notice.

Is the proposed 18,000‑share disposition part of an issuer plan or secondary sale?

The filing describes the transaction as an exercise of options under a registered plan, indicating the shares are being disposed after exercise rather than being an issuer primary offering.

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

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Accepted by SEC EDGAR 05/21/2026 - 04:13 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 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	18000	1700468.60	32655358	05/21/2026	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	05/21/2026	Exercise of options under a registered plan	Issuer			18000	05/21/2026	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	05/20/2026	15000	1385025.50
LOUISE FORLENZA 55 Challenger Road Ridgefield Park NJ 07660	Common	05/19/2026	5000	430508.50
LOUISE FORLENZA 55 Challenger Road Ridgefield Park NJ 07660	Common	05/12/2026	30000	2665938.00

144: Remarks and Signature

Remarks
Date of Notice	05/21/2026
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)