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Inuvo, Inc. (INUV) CFO Wallace D. Ruiz filed a Form 4 disclosing 31 Jul 2025 insider activity.
• Ruiz converted 15,980 RSUs into common shares at $0 (code M).
• He simultaneously withheld 7,957 shares at $4.88 (code F) to cover taxes.
• Net acquisition: +8,023 shares.
Following the transactions, Ruiz directly owns 110,539 common shares; all reported derivative RSUs were fully settled. Share counts incorporate the company’s 1-for-10 reverse split on 10 Jun 2025. The filing reflects routine equity-compensation settlement rather than open-market buying or selling.