Form 4: Intellinetics CFO Sells Shares for Tax Withholding

Intellinetics CFO Joseph D. Spain sold 843 shares of common stock for $7.25 per share to cover tax withholding obligations on vesting restricted stock.

Summary

• Joseph D. Spain, Chief Financial Officer of Intellinetics, Inc., reported a transaction on April 8, 2026.
• He sold 843 shares of common stock at a price of $7.25 per share.
• The sale was to cover withholding taxes for a portion of a restricted stock grant awarded on March 28, 2025.
• Following this transaction, Mr. Spain beneficially owns 30,907 shares of common stock directly.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as the sale of shares by the CFO is for tax withholding purposes related to vesting stock, a routine transaction rather than a reflection of the executive's view on the company's future prospects.

Future Outlook

No specific future outlook or guidance is provided in this filing.

Industry Context

StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, such as this sale by the CFO of Intellinetics to cover tax obligations. These transactions are common when restricted stock vests and tax liabilities arise.

Key Dates

Keywords

Form 4, SEC Filing, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock, Intellinetics, INLX, Joseph D. Spain, CFO