ABUHOFF JACK 4

What Happened

• Jack Abuhoff, CEO and director of Innodata Inc. (INOD), exercised 105,586 stock options on May 29, 2026 at an exercise price of $4.99 per share (cost ≈ $526,874) and sold those 105,586 shares in multiple open-market transactions the same day. The sales generated aggregate proceeds of about $10.93 million (sale prices ran roughly $100.00 to $107.75; weighted average ≈ $103.53). Per the filing, the sales were made as part of long-term financial planning.

Key Details

• Transaction date: May 29, 2026 (Form 4 filed June 1, 2026).
• Exercise (code M): 105,586 options exercised at $4.99 = ~$526,874.
• Sales (code S): 105,586 shares sold in multiple trades, prices ranged ~$100–$107.75; total proceeds ≈ $10,928,426.
• Net effect: All exercised shares were sold—no net new shares acquired from this exercise.
• Shares owned after transaction: total holdings not specified in the provided filing; filing notes 140,098 RSUs (see below).
• Notable footnotes: F1 details 140,098 restricted stock units (RSUs) that will vest between Dec 2026–Dec 2028; F2 states sales were for long-term planning (retirement/portfolio diversification); F11 notes the option vested Jan 1, 2025. Several footnotes (F3–F10) indicate trades were executed at multiple prices and the reported prices are weighted averages; the filer will provide full trade-by-trade details on request.
• Timeliness: Filing appears timely (transaction 5/29/2026; Form 4 filed 6/1/2026).

Context

• This was a cashless-style sequence: options were exercised and the resulting shares were immediately sold in the open market. Such transactions are commonly used for liquidity (taxes, diversification, retirement) and are routine for executives; they do not by themselves indicate a change in insider sentiment about the company. Purchases generally carry more direct bullish signal than routine sales.