Director Louise C. Forlenza filed a Form 4 with the SEC on September 4, 2026, reporting the exercise of two stock options and the sale of 10,000 shares of common stock in Innodata Inc. (NASDAQ:INOD) on the same date.

Key Highlights

  • Option exercise (1): Forlenza exercised a stock option for 2,000 shares at an exercise price of $1.24 per share, with the option expiring July 31, 2029.
  • Option exercise (2): Forlenza exercised a stock option for 8,000 shares at an exercise price of $1.42 per share, with the option expiring June 4, 2030.
  • Share sale: 10,000 shares of common stock were sold at a weighted average price of $55.01, with individual trade prices ranging from $55 to $55.04.
  • Remaining ownership: Following all reported transactions, Forlenza directly holds 5,424 shares of common stock, including 1,481 RSUs that vest no later than June 4, 2027.
  • Residual options: 42,000 stock options (at $1.42 exercise price) remain beneficially owned following the reported transactions.
  • Stated reason for sale: The filing states the sale was made for "personal investment and financial planning needs, including for individual retirement planning and portfolio diversification purposes."

Transaction Details: Forlenza's Option Exercises and Common Stock Sale at Innodata

According to the filing, Louise C. Forlenza, a director of Innodata Inc., executed three transactions on September 4, 2026. In the first, she exercised a stock option to acquire 2,000 shares of common stock at $1.24 per share; the filing notes this option became fully vested and exercisable on August 1, 2019. In the second, she exercised a stock option to acquire 8,000 shares at $1.42 per share, with that option having become fully vested and exercisable on June 5, 2020. Both exercises are recorded with a transaction code of M, indicating exercises of in-the-money options.

Following the two exercises, Forlenza sold 10,000 shares of common stock in a transaction coded S. The weighted average sale price was $55.01, with individual trades executed at prices ranging from $55 to $55.04, according to the filing. The filing states that full information regarding individual trade prices and share counts is available upon request to the SEC staff, the issuer, or a security holder. The filing attributes the sale to the reporting person's "personal investment and financial planning needs, including for individual retirement planning and portfolio diversification purposes."

After all three transactions, Forlenza directly holds 5,424 shares of common stock. The filing notes that this total includes 1,481 RSUs that will vest 100% on the earlier of June 4, 2027, or the date of Innodata Inc.'s 2027 annual meeting of stockholders, and will be settled into shares of common stock upon vesting. The Form 4 was signed by Amy Agress as attorney-in-fact for Louise C. Forlenza.

What Was Disclosed

Innodata Inc. director Louise C. Forlenza reported exercising two fully vested stock options totaling 10,000 shares and selling 10,000 shares of common stock at a weighted average of $55.01 on September 4, 2026, leaving her with 5,424 shares directly held.