ABUHOFF JACK 4

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.