Intrusion Inc (INTZ) CFO Kimberly Pinson Exercises Warrants
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Intrusion Inc (INTZ) CFO Kimberly Pinson Exercises Warrants
What Happened
Kimberly Pinson, Chief Financial Officer of Intrusion Inc (INTZ), acquired 18,334 shares on 2026-08-19 by exercising warrants (transaction code M) at $0.80 per share (cash paid $14,576). At the same time the filing shows a related derivative grant (transaction code A) of 18,334 instruments valued at $0.13 each ($2,292), reflecting an inducement tied to the warrant exercise.
Key Details
- Transaction date: 2026-08-19 (Form 4 filed 2026-08-19). Filing appears timely.
- Exercise: 18,334 shares acquired at $0.80 each (total cash $14,576).
- Grant: 18,334 derivative instruments recorded at $0.13 each (total $2,292) — noted as a derivative award.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — Common stock acquired because of an exercise of a Warrant. F2 — The Warrant was exercised in conjunction with a Warrant Inducement Letter dated 08/14/2026 where one Warrant was granted in exchange for one Warrant exercised.
Context
This was an exercise of warrants to acquire company stock, not a sale. Simultaneously receiving an equal number of inducement warrants (per the inducement letter) commonly replaces or extends warrant exposure rather than indicates an outright disposition. The cash outlay was modest ($14.6k) and the derivative grant is small in dollar terms; retail investors should treat this as a routine insider exercise unless accompanied by larger pattern changes.