Innodata (INOD) CEO sells 150,000 shares and exercises stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innodata Inc. CEO Jack Abuhoff reported a mix of stock sales and an option exercise involving the company’s common stock. He exercised stock options for 150,000 shares at a strike price of $4.99 per share and sold 150,000 shares in open-market transactions at weighted average prices around the mid-$90s on May 21, 2026.
After these transactions, he continues to hold about 1,490,456 shares of common stock directly, plus 140,098 restricted stock units that will vest between December 2026 and December 2028. A footnote states the sales were part of his long-term financial planning, including retirement and portfolio diversification.
Positive
- None.
Negative
- None.
Insights
CEO executes option exercise-and-sell, retains sizable equity stake.
CEO Jack Abuhoff exercised stock options for 150,000 Innodata shares at a strike price of $4.99 and sold 150,000 shares in open-market trades around the mid-$90s. This is a classic exercise-and-sell pattern, converting an in-the-money option award into cash.
Following the transactions, he still directly owns about 1,490,456 shares and holds 140,098 restricted stock units scheduled to vest from 2026 through 2028. The filing notes that the sales were undertaken for long-term financial planning, including retirement and diversification, which frames them as portfolio management rather than a full-scale exit.
Insider Trade Summary
Net Seller: 150,000 shares ($14,344,132)
Net Sell
6 txns
Insider
ABUHOFF JACK
Role
CEO
Sold
150,000 shs ($14.34M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 150,000 | $0.00 | -- |
| Exercise | Common Stock | 150,000 | $4.99 | $749K |
| Sale | Common Stock | 11,710 | $94.92 | $1.11M |
| Sale | Common Stock | 120,967 | $95.50 | $11.55M |
| Sale | Common Stock | 14,014 | $96.88 | $1.36M |
| Sale | Common Stock | 3,309 | $97.49 | $323K |
Holdings After Transaction:
Stock Option (Right to Buy) — 143,642 shares (Direct, null);
Common Stock — 1,490,456 shares (Direct, null)
Footnotes (1)
- 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. 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. This transaction was executed in multiple trading prices ranging from $94.34 to $95.33. 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. This transaction was executed in multiple trading prices ranging from $95.34 to $96.31. 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. This transaction was executed in multiple trading prices ranging from $96.35 to $97.34. 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. This transaction was executed in multiple trading prices ranging from $97.35 to $97.66. 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. This stock option became fully vested and exercisable on January 1, 2025.
Key Figures
Shares sold: 150,000 shares
Option shares exercised: 150,000 shares
Option strike price: $4.99 per share
+3 more
6 metrics
Shares sold
150,000 shares
Total common shares sold in open-market transactions on May 21, 2026
Option shares exercised
150,000 shares
Shares acquired via stock option exercise on May 21, 2026
Option strike price
$4.99 per share
Exercise price of stock option converted into common shares
Sale prices (weighted averages)
mid-$90s per share
Open-market sale prices with detailed ranges from $94.34 to $97.66
Shares held after transactions
1,490,456 shares
Direct Innodata common stock ownership following reported trades
Restricted stock units
140,098 RSUs
RSUs scheduled to vest between December 2026 and December 2028
Key Terms
restricted stock units ("RSUs"), Stock Option (Right to Buy), weighted average sale price, long-term financial planning, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes 140,098 restricted stock units ("RSUs"). 40,000 will vest in two equal installments..."
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
weighted average sale price financial
"The price reported above reflects the weighted average sale price."
long-term financial planning financial
"made as part of the reporting person's long-term financial planning, including for retirement..."
vest financial
"40,000 will vest in two equal installments on December 20, 2026 and December 20, 2027..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Innodata (INOD) CEO Jack Abuhoff do in this Form 4 filing?
Innodata CEO Jack Abuhoff exercised stock options for 150,000 shares and sold 150,000 common shares in open-market transactions. The filing shows both the derivative exercise at $4.99 per share and sales at weighted average prices in the mid-$90s range on May 21, 2026.
What was the strike price of the Innodata (INOD) stock options exercised by the CEO?
Jack Abuhoff exercised stock options to acquire 150,000 Innodata common shares at a strike price of $4.99 per share. A related footnote explains that this option was already fully vested and exercisable as of January 1, 2025, before the reported transaction date.
What future equity does the Innodata (INOD) CEO have through RSUs?
The Form 4 notes that Jack Abuhoff holds 140,098 restricted stock units. Of these, 40,000 vest in two installments on December 20, 2026 and December 20, 2027, and 100,098 vest in three installments from December 31, 2026 through December 31, 2028.