Massey Stewart R 4

4 · INNODATA INC · Filed May 14, 2026

AI-generated summary of this filing

Updated May 14, 2026

INNODATA (INOD) Director Stewart R. Massey Exercises Options, Sells 10,000 Shares

What Happened

Stewart R. Massey, a director of Innodata Inc. (INOD), exercised stock options to acquire 10,000 shares at $7.24 per share (cost $72,400) on May 13, 2026. On the same day he sold 9,000 shares at a weighted average price of $88.02 and 1,000 shares at a weighted average price of $90.00, generating total gross proceeds of approximately $882,180. The filing indicates the sales were made for portfolio diversification.

Key Details

Transaction date: May 13, 2026 (reported on Form 4 filed May 14, 2026). Filing appears timely.
Option exercise: 10,000 shares acquired at $7.24 each (total $72,400). The related option was fully vested and exercisable as of Aug 2, 2021 (footnote F5).
Open-market sales: 9,000 shares at weighted average $88.02 (F3) and 1,000 shares at weighted average $90.00 (F4); combined proceeds ≈ $882,180. Sales were for portfolio diversification (F2).
Net proceeds before taxes/fees (simple subtraction): sales ≈ $882,180 minus exercise cost $72,400 ≈ $809,780.
Ownership note: filing references 3,943 restricted stock units (RSUs) that will vest and convert to shares on the earlier of June 5, 2026 or the company’s 2026 annual meeting (F1). The filing excerpt here does not state a full post-transaction beneficial ownership total.
Multiple-trade detail: sales were executed in multiple trades at prices shown as weighted averages; the reporting person offers to provide trade-level prices/quantities on request (F3, F4).

Context

This appears to be an exercise of previously vested options followed by immediate open-market sales (i.e., cash realized from exercise and sale). The filing’s note that the sales were for “portfolio diversification” is a common, non-specific reason and is factual disclosure rather than an explanation of sentiment.

Form 4

Period: 2026-05-13

Director

Transactions

Exercise/Conversion
Common Stock
[F1]
2026-05-13$7.24/sh+10,000$72,400→ 39,205 total
Sale
Common Stock
[F2][F3][F1]
2026-05-13$88.02/sh−9,000$792,180→ 30,205 total
Sale
Common Stock
[F2][F4][F1]
2026-05-13$90.00/sh−1,000$90,000→ 29,205 total
Exercise/Conversion
Stock Option (Right to Buy)
[F5]
2026-05-13−10,000→ 0 total
Exercise: $7.24Exp: 2031-08-01→ Common Stock (10,000 underlying)

Holdings

Footnotes (5)

[F1]Includes 3,943 restricted stock units ("RSUs") that will vest 100% on the earlier to occur of (i) June 5, 2026, and (ii) the date of Innodata Inc.'s 2026 annual meeting of stockholders and will be settled into shares of Innodata's common stock upon vesting.
[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 $88 to $88.21. 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 $90 to $90.08. 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 and exercisable on August 2, 2021.

Signature

/s/ Amy Agress Attorney-in fact for Stewart R. Massey|2026-05-14

1 file