Chretien Matthew L 4

What Happened

• Matthew L. Chretien, Chief Strategy Officer of INTELLINETICS, disposed of a total of 3,510 shares on April 8, 2026 to satisfy tax withholding obligations. The transactions were reported on a Form 4 filed April 10, 2026.
• Breakdown: 810 shares were remitted at $7.25 per share (≈ $5,873) and 2,700 shares at $7.50 per share (≈ $20,250), for a combined value of about $26,123. These disposals are coded F (tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-04-08: 810 shares @ $7.25 (disposed) — $5,873
  • 2026-04-08: 2,700 shares @ $7.50 (disposed) — $20,250
• Shares owned after transaction: Not reported in the filing.
• Footnotes: F1 — shares remitted to cover withholding for vested portion of restricted stock originally granted March 28, 2025. F2 — shares remitted to cover withholding for vested portion of restricted stock originally granted April 2, 2024.
• Filing timeliness: Form 4 was filed on 2026-04-10 for transactions on 2026-04-08; no late filing flag indicated.

Context

• These were withholding-related disposals (not open-market sales). When restricted stock vests, executives commonly remit some shares to the company to pay required payroll/tax withholding — a routine administrative step that appears as a disposition on Form 4.
• Such transactions generally do not signal a change in insider sentiment the way an open-market sale or a fresh purchase might.