Form 4: Intellinetics CFO Joseph D. Spain Reports Stock Transaction for Tax Obligations
SEC Form 4 Filing
Joseph D. Spain, CFO of Intellinetics, Inc., reports disposition of shares to cover withholding taxes related to vesting restricted stock.
Summary
- On April 2, 2025, Joseph D. Spain, the Chief Financial Officer of Intellinetics, Inc. (INLX), disposed of 2,471 shares of common stock to cover withholding taxes.
- The shares were sold at a price of $14.28 per share.
- Following the transaction, Mr. Spain beneficially owns 31,750 shares of Intellinetics common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, and does not contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CFO, transact in their company's stock. These filings provide transparency to the market regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 04/02/2024 | Original award date of restricted stock grant |
| 04/02/2025 | Date of stock transaction (disposal of shares) |
| 04/04/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, Intellinetics, INLX, Joseph D. Spain, CFO, Stock Transaction, Beneficial Ownership, Withholding Taxes, Restricted Stock
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