Stewart R. Massey - Feb 26, 2025 Form 4 Insider Report for INNODATA INC (INOD)

Role
Director
Signature
/s/ Amy Agress Attorney-in fact for Stewart R. Massey
Stock symbol
INOD
Transactions as of
Feb 26, 2025
Transactions value $
-$2,659,785
Form type
4
Date filed
2/26/2025, 08:20 PM
Previous filing
Nov 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INOD Common Stock Options Exercise $141K +44K +174.17% $3.21 69.3K Feb 26, 2025 Direct F1
transaction INOD Common Stock Sale -$2.32M -36.6K -52.82% $63.54 32.7K Feb 26, 2025 Direct F1, F2, F3
transaction INOD Common Stock Sale -$476K -7.42K -22.69% $64.25 25.3K Feb 26, 2025 Direct F1, F2, F4
holding INOD Common Stock 21K Feb 26, 2025 SEP IRA

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction INOD Stock Option (Right to Buy) Options Exercise $0 -44K -100% $0.00 0 Feb 26, 2025 Common Stock 44K $3.21 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,278 restricted stock units ("RSUs") that will vest 100% on the earlier to occur of (i) June 5, 2025, and (ii) the date of Innodata Inc.'s 2025 annual meeting of stockholders and will be settled into shares of Innodata's common stock upon vesting. Pursuant to the Company's deferred compensation program, upon vesting the shares will be subject to a deferred payment date. The deferred payment date will be the first to occur of (i) the reporting person's separation from service, death or disability, (ii) a change of control (as defined in the Company's 2021 Equity Compensation Plan), or (iii) the fifth anniversary of the date of grant.
F2 The sale of the shares reported in Column 4 was made by the reporting person for portfolio diversification purposes.
F3 This transaction was executed in multiple trades at prices ranging from $63.04 to $63.97. 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 transaction was executed in multiple trades at prices ranging from $64.10 to $64.50. 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.
F5 The stock option became fully vested on September 7, 2023.