ABUHOFF JACK 4
4 · INNODATA INC · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
INNODATA (INOD) CEO Jack Abuhoff Sells Shares, Exercises Options
What Happened
- Jack Abuhoff, CEO and Director of Innodata Inc. (INOD), exercised a total of 294,059 derivative awards and immediately sold the same number of shares in open-market transactions. He exercised 94,059 shares on 2026-06-15 (at $3.41) and 200,000 shares on 2026-06-16 (65,941 at $3.41 and 134,059 at $1.24). The acquisition cost reported for the exercised shares was about $711,833.
- Concurrently he sold 94,059 shares on 2026-06-15 and 200,000 shares on 2026-06-16 in multiple trades. Total reported proceeds from the sales were approximately $32.0 million (about $31.98M). The Form 4 indicates the sales were part of the reporting person’s long-term financial planning, including retirement and diversification.
Key Details
- Transaction dates: June 15–16, 2026. Exercises are coded M (option exercise/conversion); open-market sales are coded S.
- Exercises: 94,059 @ $3.41 (6/15); 65,941 @ $3.41 (6/16); 134,059 @ $1.24 (6/16). Total exercise cost ≈ $711,833.
- Sales: 94,059 shares (6/15) and 200,000 shares (6/16) across multiple trade prices; total proceeds ≈ $31.98M. Reported sale prices (weighted averages) ranged roughly from $103.49 to $113.16 across blocks; footnotes list specific intra-block price ranges.
- Net effect: No net share increase from these transactions (exercised 294,059 and sold 294,059).
- Holdings note: Footnote F1 shows Abuhoff holds 140,098 RSUs that vest over 2026–2028 (40,000 vest in two equal installments in Dec 2026 & Dec 2027; 100,098 vest in three equal installments Dec 2026–Dec 2028).
- Reason given: Footnote F2 states the sales were for long-term financial planning (retirement/portfolio diversification).
- Timeliness: Filing was made June 16, 2026 for transactions through June 15–16; appears within normal Form 4 timing requirements (not marked late).
Context
- This is a typical “exercise-and-sell” (cashless exercise) pattern: Abuhoff exercised options (paid the exercise prices) and sold the resulting shares in the open market. Such transactions often reflect liquidity/tax planning rather than a directional view on the company.
- Several sale blocks were executed at multiple prices; the Form 4 reports weighted-average prices and includes footnotes offering to provide detailed trade-level information on request.
Insider Transaction Report
Form 4
INNODATA INCINOD
ABUHOFF JACK
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-06-15$3.41/sh+94,059$320,741→ 1,434,515 total - Sale
Common Stock
[F2][F3][F1]2026-06-15$103.49/sh−12,010$1,242,915→ 1,422,505 total - Sale
Common Stock
[F2][F4][F1]2026-06-15$104.64/sh−15,942$1,668,171→ 1,406,563 total - Sale
Common Stock
[F2][F5][F1]2026-06-15$105.81/sh−25,653$2,714,344→ 1,380,910 total - Sale
Common Stock
[F2][F6][F1]2026-06-15$106.52/sh−32,914$3,505,999→ 1,347,996 total - Sale
Common Stock
[F2][F7][F1]2026-06-15$107.35/sh−6,240$669,864→ 1,341,756 total - Sale
Common Stock
[F2][F8][F1]2026-06-15$108.50/sh−1,300$141,050→ 1,340,456 total - Exercise/Conversion
Common Stock
[F1]2026-06-16$3.41/sh+65,941$224,859→ 1,406,397 total - Exercise/Conversion
Common Stock
[F1]2026-06-16$1.24/sh+134,059$166,233→ 1,540,456 total - Sale
Common Stock
[F2][F9][F1]2026-06-16$107.31/sh−16,869$1,810,212→ 1,523,587 total - Sale
Common Stock
[F2][F10][F1]2026-06-16$108.31/sh−19,103$2,069,046→ 1,504,484 total - Sale
Common Stock
[F2][F11][F1]2026-06-16$109.55/sh−54,411$5,960,725→ 1,450,073 total - Sale
Common Stock
[F2][F12][F1]2026-06-16$110.42/sh−41,593$4,592,699→ 1,408,480 total - Sale
Common Stock
[F2][F13][F1]2026-06-16$111.50/sh−42,870$4,780,005→ 1,365,610 total - Sale
Common Stock
[F2][F14][F1]2026-06-16$112.39/sh−23,592$2,651,505→ 1,342,018 total - Sale
Common Stock
[F2][F15][F1]2026-06-16$113.16/sh−1,562$176,756→ 1,340,456 total - Exercise/Conversion
Stock Option (Right to Buy)
[F16]2026-06-15−94,059→ 65,941 totalExercise: $3.41Exp: 2032-10-06→ Common Stock (94,059 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
[F16]2026-06-16−65,941→ 0 totalExercise: $3.41Exp: 2032-10-06→ Common Stock (65,941 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
[F17]2026-06-16−134,059→ 265,941 totalExercise: $1.24Exp: 2029-07-31→ Common Stock (134,059 underlying)
Footnotes (17)
- [F1]Includes 140,098 restricted stock units ("RSUs"). 40,000 will vest in two equal installments on December 20, 2026 and December 20, 2027, and 100,098 will vest in three equal installments on December 31, 2026, December 31, 2027 and December 31, 2028. The RSUs will be settled into shares of Innodata Inc.'s common stock upon vesting.
- [F10]This transaction was executed in multiple trading prices ranging from $107.98 to $108.92. 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.
- [F11]This transaction was executed in multiple trading prices ranging from $109 to $109.99. 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.
- [F12]This transaction was executed in multiple trading prices ranging from $110 to $110.99. 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.
- [F13]This transaction was executed in multiple trading prices ranging from $111 to $111.97. 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.
- [F14]This transaction was executed in multiple trading prices ranging from $112 to $112.99. 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.
- [F15]This transaction was executed in multiple trading prices ranging from $113 to $113.60. 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.
- [F16]This stock option became fully vested and exercisable on October 7, 2025.
- [F17]This stock option became fully vested and exercisable on August 1, 2022.
- [F2]The sale of the shares reported in Column 4 was made as part of the reporting person's long-term financial planning, including for retirement and portfolio diversification purposes.
- [F3]This transaction was executed in multiple trading prices ranging from $103.07 to $104.05. 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 trading prices ranging from $104.10 to $105.08. 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]This transaction was executed in multiple trading prices ranging from $105.11 to $106.10. 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.
- [F6]This transaction was executed in multiple trading prices ranging from $106.11 to $107.10. 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.
- [F7]This transaction was executed in multiple trading prices ranging from $107.11 to $107.69. 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.
- [F8]This transaction was executed in multiple trading prices ranging from $108.16 to $108.90. 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.
- [F9]This transaction was executed in multiple trading prices ranging from $106.97 to $107.93. 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.
Signature
/s/ Amy Agress Attorney-in fact for Jack Abuhoff|2026-06-16