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Innodata (INOD) CEO sells 243,150 shares after significant option exercises

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Form Type
4

Rhea-AI Filing Summary

INNODATA INC CEO Jack Abuhoff reported a series of option exercises and share sales over May 12–14, 2026. He exercised stock options covering 243,150 shares of common stock at strike prices of $4.99, $7.24 and $43.01 per share, converting them into common stock.

Over the same period, he sold 243,150 shares of common stock in open-market transactions at weighted average prices generally in the low-to-high $90s per share. A footnote states the sales were part of his long-term financial planning, including retirement and portfolio diversification. His reported holdings include 140,098 restricted stock units that vest between 2026 and 2028 and will settle in Innodata common stock upon vesting.

Positive

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Insights

CEO executed option exercises and matching share sales, framed as long-term financial planning.

CEO Jack Abuhoff exercised options on 243,150 shares of INNODATA INC common stock at strike prices of $4.99, $7.24 and $43.01. He then sold an equal number of shares in open-market trades around the low-to-high $90s, a classic exercise-and-sell pattern converting options into cash.

The filing’s transaction summary shows 10 sale entries and 10 acquire entries, reflecting this paired activity rather than fresh open-market buying. A footnote states the sales were for long-term financial planning, including retirement and portfolio diversification, which suggests a planned liquidity event rather than a change in view on the business.

Holdings disclosed include 140,098 restricted stock units, with tranches vesting in 2026, 2027 and 2028 and settling in common stock. With no remaining derivative positions listed in the derivative summary after these exercises, future equity exposure will come from his common shares and these RSUs, while the immediate effect of this filing is a net share disposition and option monetization.

Insider ABUHOFF JACK
Role CEO
Sold 243,150 shs ($22.83M)
Type Security Shares Price Value
Exercise Stock Option (Right to Buy) 76,991 $0.00 --
Exercise Common Stock 76,991 $4.99 $384K
Sale Common Stock 21,841 $93.04 $2.03M
Sale Common Stock 2,799 $94.62 $265K
Sale Common Stock 4,266 $95.20 $406K
Sale Common Stock 41,555 $96.69 $4.02M
Sale Common Stock 6,530 $97.66 $638K
Exercise Stock Option (Right to Buy) 34,967 $0.00 --
Exercise Stock Option (Right to Buy) 59,493 $0.00 --
Exercise Common Stock 34,967 $7.24 $253K
Exercise Common Stock 59,493 $4.99 $297K
Sale Common Stock 60,267 $90.20 $5.44M
Sale Common Stock 1,300 $91.30 $119K
Sale Common Stock 32,893 $93.01 $3.06M
Exercise Stock Option (Right to Buy) 26,666 $0.00 --
Exercise Stock Option (Right to Buy) 45,033 $0.00 --
Exercise Common Stock 26,666 $43.01 $1.15M
Exercise Common Stock 45,033 $7.24 $326K
Sale Common Stock 19,776 $94.89 $1.88M
Sale Common Stock 51,923 $95.87 $4.98M
Holdings After Transaction: Stock Option (Right to Buy) — 696,442 shares (Direct, null); Common Stock — 1,417,447 shares (Direct, null)
Footnotes (1)
  1. Includes 140,098 restricted stock units ("RSUs"). 40,000 will vest in two equal installments on December 20, 2026 and December 20, 2027, and 100,098 will vest in three equal installments on December 31, 2026, December 31, 2027 and December 31, 2028. The RSUs will be settled into shares of Innodata Inc.'s common stock upon vesting. The sale of the shares reported in Column 4 was made as part of the reporting person's long-term financial planning, including for retirement and portfolio diversification purposes. This transaction was executed in multiple trading prices ranging from $94 to $95. 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. This transaction was executed in multiple trading prices ranging from $90 to $90.82. 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. This transaction was executed in multiple trading prices ranging from $93 to $93.93. 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. This transaction was executed in multiple trading prices ranging from $94.05 to $95.04. 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. This transaction was executed in multiple trading prices ranging from $95.05 to $95.33. 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. This transaction was executed in multiple trading prices ranging from $96.25 to $97.22. 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. This transaction was executed in multiple trading prices ranging from $97.25 to $97.96. 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. One third of this stock option vested on December 20, 2025, and the balance will vest in two equal installments on December 20, 2026 and December 20, 2027. This stock option became fully vested and exercisable on August 2, 2024. This stock option became fully vested and exercisable on January 1, 2025.
Shares sold 243,150 shares Total open-market sales reported in transaction summary
Options exercised 243,150 shares Total shares from option exercises (M-code) in summary
Option strike price 1 $4.99/share Conversion or exercise price on certain stock options
Option strike price 2 $7.24/share Conversion or exercise price on additional stock options
Option strike price 3 $43.01/share Conversion or exercise price on later stock option grant
Restricted stock units 140,098 RSUs RSUs included in holdings, vesting 2026–2028 and settling in stock
Sale transaction count 10 sales Number of sale entries in transaction summary
Exercise transaction count 5 exercises Number of derivative exercises in transaction summary
restricted stock units ("RSUs") financial
"Includes 140,098 restricted stock units ("RSUs"). 40,000 will vest in two equal installments..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
long-term financial planning financial
"The sale of the shares ... was made as part of the reporting person's long-term financial planning..."
portfolio diversification financial
"including for retirement and portfolio diversification purposes."
Portfolio diversification is the practice of spreading an investor’s money across different kinds of investments—such as stocks, bonds, cash, sectors, or regions—so that poor performance in one area is partly offset by better performance in others. It matters because like not putting all your eggs in one basket, diversification reduces the chance that a single bad outcome will wipe out your savings and helps smooth returns over time.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
ABUHOFF JACK
(Last)(First)(Middle)
C/O INNODATA INC.
55 CHALLENGER ROAD
(Street)
RIDGEFIELD PARK NEW JERSEY 07660
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
INNODATA INC [ INOD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/12/2026M26,666A$43.011,367,222(1)D
Common Stock05/12/2026M45,033A$7.241,412,155(1)D
Common Stock05/12/2026S19,776(2)D$94.89(3)1,392,379(1)D
Common Stock05/12/2026S51,923(2)D$95.871,340,456(1)D
Common Stock05/13/2026M34,967A$7.241,375,423(1)D
Common Stock05/13/2026M59,493A$4.991,434,916(1)D
Common Stock05/13/2026S60,267(2)D$90.2(4)1,374,649(1)D
Common Stock05/13/2026S1,300(2)D$91.31,373,349(1)D
Common Stock05/13/2026S32,893(2)D$93.011,340,456(1)D
Common Stock05/14/2026M76,991A$4.991,417,447(1)D
Common Stock05/14/2026S21,841(2)D$93.04(5)1,395,606(1)D
Common Stock05/14/2026S2,799(2)D$94.62(6)1,392,807(1)D
Common Stock05/14/2026S4,266(2)D$95.2(7)1,388,541(1)D
Common Stock05/14/2026S41,555(2)D$96.69(8)1,346,986(1)D
Common Stock05/14/2026S6,530(2)D$97.66(9)1,340,456(1)D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)$43.0105/12/2026M26,666 (10)12/19/2034Common Stock26,666$053,334D
Stock Option (Right to Buy)$7.2405/12/2026M45,033 (11)08/01/2031Common Stock45,033$034,967D
Stock Option (Right to Buy)$7.2405/13/2026M34,967 (11)08/01/2031Common Stock34,967$00D
Stock Option (Right to Buy)$4.9905/13/2026M59,493 (12)03/09/2032Common Stock59,493$0773,433D
Stock Option (Right to Buy)$4.9905/14/2026M76,991 (12)03/09/2032Common Stock76,991$0696,442D
Explanation of Responses:
1. Includes 140,098 restricted stock units ("RSUs"). 40,000 will vest in two equal installments on December 20, 2026 and December 20, 2027, and 100,098 will vest in three equal installments on December 31, 2026, December 31, 2027 and December 31, 2028. The RSUs will be settled into shares of Innodata Inc.'s common stock upon vesting.
2. The sale of the shares reported in Column 4 was made as part of the reporting person's long-term financial planning, including for retirement and portfolio diversification purposes.
3. This transaction was executed in multiple trading prices ranging from $94 to $95. 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.
4. This transaction was executed in multiple trading prices ranging from $90 to $90.82. 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.
5. This transaction was executed in multiple trading prices ranging from $93 to $93.93. 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.
6. This transaction was executed in multiple trading prices ranging from $94.05 to $95.04. 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.
7. This transaction was executed in multiple trading prices ranging from $95.05 to $95.33. 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.
8. This transaction was executed in multiple trading prices ranging from $96.25 to $97.22. 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.
9. This transaction was executed in multiple trading prices ranging from $97.25 to $97.96. 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.
10. One third of this stock option vested on December 20, 2025, and the balance will vest in two equal installments on December 20, 2026 and December 20, 2027.
11. This stock option became fully vested and exercisable on August 2, 2024.
12. This stock option became fully vested and exercisable on January 1, 2025.
/s/ Amy Agress Attorney-in fact for Jack Abuhoff05/14/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Innodata (INOD) CEO Jack Abuhoff do in this Form 4 filing?

CEO Jack Abuhoff exercised stock options for 243,150 Innodata shares and sold 243,150 shares in open-market trades. The transactions span May 12–14, 2026 and convert option awards into cash while leaving him with ongoing equity exposure through common shares and RSUs.

How many Innodata (INOD) shares did the CEO sell and at what prices?

Jack Abuhoff reported selling 243,150 Innodata common shares in open-market transactions. Weighted average sale prices were mostly in the low-to-high $90s per share, with specific ranges such as $90–$90.82, $93–$93.93, and $97.25–$97.96 disclosed in footnotes as price intervals.

What stock options did the Innodata (INOD) CEO exercise in this Form 4?

He exercised options covering 243,150 Innodata shares at strike prices of $4.99, $7.24 and $43.01. Related option awards were previously fully vested or vesting according to disclosed schedules, and the exercises converted these derivative positions into common stock before the reported sales.

Why does the Innodata (INOD) Form 4 say the CEO sold shares?

A footnote explains the share sales were part of Jack Abuhoff’s long-term financial planning, including retirement and portfolio diversification. This language indicates the transactions are framed as personal portfolio management rather than a statement about Innodata’s short-term business outlook or performance.

What restricted stock units (RSUs) does the Innodata (INOD) CEO still hold?

The filing notes his reported holdings include 140,098 RSUs. Of these, 40,000 vest in two equal installments on December 20, 2026 and December 20, 2027, and 100,098 vest in three equal installments on December 31, 2026, 2027 and 2028, settling in Innodata common stock.

Does the Innodata (INOD) CEO still have stock options after these transactions?

The derivative section shows exercises of several stock option grants into common shares and no remaining derivative positions in the derivative summary. That indicates the reported option awards were fully exercised here, leaving future equity exposure through common stock and restricted stock units instead of options.