Innodata director sells 10K shares after option exercise
INOD director Louise C. Forlenza exercised 10,000 options and sold 10,000 shares on September 4, 2026 at a weighted average price of about $55.
Rhea-AI Filing Summary
INNODATA INC (INOD) director Louise C. Forlenza reported an exercise-and-sale transaction on September 4, 2026. She exercised stock options for 10,000 shares of common stock (2,000 at an exercise price of $1.24 and 8,000 at $1.42) and sold 10,000 shares at a weighted average price of $55.01 per share in open-market transactions. A footnote states the sale was undertaken for personal investment and financial planning needs, and no Rule 10b5-1 trading plan is reported. Another footnote states her holdings include 1,481 RSUs scheduled to vest in 2027 and settle in common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 10,000 shares ($536K approx. pre-tax spread)
Exercise and Sale
5 txns
Insider
FORLENZA LOUISE C
Role
Director
Sold
10,000 shs ($550K)
Approx. gross sale proceeds
$550K
Approx. exercise cost
$14K
Approx. pre-tax spread
$536K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4 | 2,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F5 | 8,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,000 | $1.24 | $2K |
| Exercise | Common Stock F1 | 8,000 | $1.42 | $11K |
| Sale | Common Stock F2, F3, F1 | 10,000 | $55.01 | $550K |
Holdings After Transaction:
Stock Option (Right to Buy) — 42,000 contracts (Direct);
Common Stock — 5,424 shares (Direct)
Footnotes (5)
- 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 $55 to $55.04. 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.
- F4. This stock option became fully vested and exercisable on August 1, 2019.
- F5. This stock option became fully vested and exercisable on June 5, 2020.
Key Figures
Shares sold: 10,000 shares
Weighted average sale price: $55.01 per share
Options exercised at $1.24: 2,000 shares
+3 more
6 metrics
Shares sold
10,000 shares
Common stock sale on September 4, 2026
Weighted average sale price
$55.01 per share
Common stock sold in multiple trades between $55.00 and $55.04
Options exercised at $1.24
2,000 shares
Stock option (right to buy) with $1.24 exercise price, exercised September 4, 2026
Options exercised at $1.42
8,000 shares
Stock option (right to buy) with $1.42 exercise price, exercised September 4, 2026
RSUs scheduled to vest
1,481 RSUs
Will vest 100% on the earlier of June 4, 2027 or 2027 annual meeting
Sale price range
$55.00–$55.04 per share
Price range for multiple trades comprising the 10,000-share sale
Key Terms
Restricted Stock Units (RSUs), weighted average sale price, stock option
3 terms
Restricted Stock Units (RSUs) financial
"Includes 1,481 RSUs that will vest 100% on the earlier to occur"
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
weighted average sale price financial
"The price reported above reflects the weighted average sale price"
stock option financial
"This stock option became fully vested and exercisable on August 1, 2019"
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
What did INOD director Louise C. Forlenza report on this Form 4?
She reported exercising stock options for 10,000 shares of Innodata Inc. common stock and selling 10,000 shares on September 4, 2026, all held directly. The filing describes these as personal investment and financial planning transactions.
What stock options did Louise C. Forlenza exercise in this INOD filing?
She exercised two stock option grants covering a total of 10,000 shares: one for 2,000 shares at an exercise price of $1.24 per share and another for 8,000 shares at $1.42 per share. Both options were fully vested and exercisable before this date.
Were the INOD trades made under a Rule 10b5-1 trading plan?
No. The Form 4’s Rule 10b5-1 checkbox is not marked as affirming a plan, and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 or similar pre-arranged trading plan.
What ongoing equity awards does Louise C. Forlenza still have from INOD?
A footnote states her holdings include 1,481 restricted stock units (RSUs) that will vest 100% on the earlier of June 4, 2027 or the date of Innodata Inc.’s 2027 annual meeting, to be settled in shares of common stock upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
