INLX.AMEXIntellinetics, INC

Form 4: Intellinetics CEO James DeSocio Disposes of Shares for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Intellinetics CEO James DeSocio disposed of 2,965 shares of common stock on April 2, 2025, to cover withholding taxes related to vesting restricted stock.

Summary

  • On April 2, 2025, James F. DeSocio, CEO of Intellinetics, Inc. (INLX), disposed of 2,965 shares of common stock.
  • The transaction was executed to cover withholding taxes associated with the vesting of a portion of a restricted stock grant originally awarded on April 2, 2024.
  • The shares were disposed of at a price of $14.28 per share.
  • Following the transaction, Mr. DeSocio beneficially owns 58,055 shares of Intellinetics common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (disposal of shares for tax purposes) and does not contain information that would significantly impact investor sentiment positively or negatively.

Management Comments

  • Stock remitted by Mr. DeSocio to the Company for payment of withholding taxes for currently vesting portion of restricted stock grant originally awarded on April 2, 2024.

Industry Context

This type of transaction is common for executives who receive stock-based compensation. Selling shares to cover tax obligations is a standard practice.

Key Dates

DateDescription
04/02/2024Original award date of the restricted stock grant.
04/02/2025Date of the stock disposal transaction.
04/04/2025Date of signature on the Form 4 filing.

Keywords

Intellinetics, James DeSocio, INLX, Form 4, Stock Disposal, Restricted Stock, Tax Withholding, Beneficial Ownership, CEO

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