INTELLINETICS (INLX) Director Paul Seid Receives 5,000-Share Award

What Happened
Paul Seid, a director of INTELLINETICS, INC. (INLX), was granted 5,000 derivative shares on 2026-06-25. The filing shows these were awarded (code A) as compensation; no purchase price or total dollar value is reported. This was an award of securities (likely restricted stock or RSUs) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-25 (Award of 5,000 derivative shares). Price: N/A; Total value: N/A.
• Filing date: 2026-06-30 (appears to be filed after the typical 2-business-day Form 4 deadline).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Grant issued in exchange for director services under the company's 2023 Non-Employee Director Compensation Plan.
• Derivative treatment: Reported as a derivative award — may be subject to vesting/other conditions (not detailed in the filing).

Context
Grants to non-employee directors are common as routine compensation and do not necessarily reflect a buy/sell signal by the insider. Because this is an award (not a market purchase or sale), it primarily reflects compensation policy rather than an investment decision. The filing’s later date relative to the transaction suggests the Form 4 may have been filed late under SEC timing rules.