Innodata director sells 10K shares after option exercise
A director of Innodata Inc. exercised options for 10,000 shares and sold 10,000 shares for personal financial planning, while retaining stock options and unvested RSUs.
Rhea-AI Filing Summary
INNODATA INC (INOD) director Louise C. Forlenza reported an option exercise and share sale. On September 14, 2026, she exercised stock options to acquire 10,000 shares of common stock at an exercise price of $1.42 per share, and then sold 10,000 shares of common stock at a weighted average price of $53.54 per share in open-market transactions. Following the exercise, she held 32,000 stock options directly. Footnotes state the sale was made for personal investment and financial planning needs, including retirement planning and portfolio diversification, and that trades occurred between $53.48 and $53.58 per share. Her direct holdings also include 1,481 RSUs scheduled to vest 100% on the earlier of June 4, 2027 or Innodata Inc.'s 2027 annual meeting of stockholders, settling into common shares upon vesting. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($521K approx. pre-tax spread)
Exercise and Sale
3 txns
Insider
FORLENZA LOUISE C
Role
Director
Sold
10,000 shs ($535K)
Approx. gross sale proceeds
$535K
Approx. exercise cost
$14K
Approx. pre-tax spread
$521K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 10,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 10,000 | $1.42 | $14K |
| Sale | Common Stock F2, F3, F1 | 10,000 | $53.54 | $535K |
Holdings After Transaction:
Stock Option (Right to Buy) — 32,000 contracts (Direct);
Common Stock — 5,424 shares (Direct)
Footnotes (4)
- F1. Includes 1,481 RSUs that will vest 100% on the earlier to occur of (i) June 4, 2027; and (ii) the date of Innodata Inc.'s 2027 annual meeting of stockholders. The RSUs will be settled into shares of Innodata Inc.'s common stock upon vesting.
- F2. The sale of the shares reported in Column 4 was made as part of the reporting person's personal investment and financial planning needs, including for individual retirement planning and portfolio diversification purposes.
- F3. This transaction was executed in multiple trades at prices ranging from $53.48 to $53.58. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4. This stock option became fully vested and exercisable on June 5, 2020.
Key Figures
Shares acquired via option exercise: 10,000 shares
Option exercise price: $1.42 per share
Shares sold: 10,000 shares
+4 more
7 metrics
Shares acquired via option exercise
10,000 shares
Stock options exercised into common stock on September 14, 2026
Option exercise price
$1.42 per share
Exercise price for 10,000 options converted into common stock
Shares sold
10,000 shares
Common stock sold on September 14, 2026 after option exercise
Weighted average sale price
$53.54 per share
Weighted average price for 10,000 Innodata Inc. shares sold
Sale price range
$53.48–$53.58 per share
Range of prices for multiple trades comprising the 10,000-share sale
Stock options held after transaction
32,000 options
Directly held stock options following the reported exercise
RSUs scheduled to vest
1,481 RSUs
RSUs vesting 100% on earlier of June 4, 2027 or 2027 annual meeting
Key Terms
RSUs, vest, weighted average sale price, annual meeting of stockholders, +1 more
5 terms
RSUs financial
"Includes 1,481 RSUs that will vest 100% on the earlier to occur"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
vest financial
"RSUs that will vest 100% on the earlier to occur of (i) June 4, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
annual meeting of stockholders regulatory
"the date of Innodata Inc.'s 2027 annual meeting of stockholders"
stock option financial
"This stock option became fully vested and exercisable on June 5, 2020"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transactions did INOD director Louise C. Forlenza report on this Form 4?
She exercised stock options for 10,000 shares of Innodata Inc. common stock at $1.42 per share and sold 10,000 shares of common stock at a weighted average price of $53.54 per share on September 14, 2026.
When will the director’s RSUs in INOD vest and how will they settle?
The 1,481 RSUs will vest 100% on the earlier of June 4, 2027 or Innodata Inc.'s 2027 annual meeting of stockholders, and will be settled into shares of common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
