Form 4: Intellicheck Insider Sells Shares Under 10b5-1 Plan

Intellicheck CEO Bryan Lewis sold 10,000 shares of common stock valued at approximately $80,500 through a pre-arranged trading plan.

Summary

• Bryan Lewis, CEO and Director of Intellicheck, Inc., reported a transaction involving the sale of 10,000 shares of common stock.
• The sale occurred on April 27, 2026, at a weighted average price of $8.0536 per share, totaling approximately $80,500.
• These shares were owned by The Lewis Family Revocable Living Trust.
• The transaction was executed under a Rule 10b5-1 trading plan, adopted on December 17, 2025, with a selling period from April 6, 2026, to July 31, 2026.
• Mr. Lewis disclaims beneficial ownership of these shares beyond his pecuniary interest.
• The reporting person will provide full information on the number of shares sold at each specific price within the range of $7.92 to $8.44 upon request.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the sale was conducted under a pre-arranged 10b5-1 plan, mitigating concerns about opportunistic insider trading.

Negatives

• Insider selling can sometimes be perceived negatively by the market, although this sale was conducted under a pre-established 10b5-1 plan.

Risks

• The Rule 10b5-1 plan has an end date of July 31, 2026, indicating potential for further sales.
• The weighted average sale price suggests a range of prices, with the reporting person undertaking to provide full details upon request.

Future Outlook

The Rule 10b5-1 plan is active until July 31, 2026, suggesting that further transactions may occur within this period.

Management Comments

• Mr. Lewis disclaims beneficial ownership of these shares other than to the extent of his pecuniary interest therein, if any.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions. The use of a Rule 10b5-1 plan is a common strategy for executives to sell shares without facing accusations of insider trading, providing a pre-determined schedule for sales.

Stakeholder Impact

• Shareholders may observe insider selling, but the use of a 10b5-1 plan suggests a structured approach rather than a negative signal about the company's prospects.

Next Steps

• The Rule 10b5-1 trading plan remains active until July 31, 2026, potentially leading to further share sales.
• The reporting person will provide detailed pricing information upon request.

Key Dates

Keywords

Intellicheck, IDN, Form 4, Insider Trading, 10b5-1 Plan, Stock Sale, Bryan Lewis, CEO, Director, Securities Exchange Act