Form 4: Intellinetics Chief Strategy Officer Matthew Chretien Reports Stock Disposal for Tax Obligations

Matthew Chretien, Chief Strategy Officer of Intellinetics, Inc., disposed of 2,471 shares of common stock on April 2, 2025, to cover withholding taxes related to vesting restricted stock.

Summary

• On April 4, 2025, Matthew L. Chretien, Chief Strategy Officer of Intellinetics, Inc. (INLX), filed a Form 4 with the SEC.
• The form reports a transaction on April 2, 2025, where Chretien disposed of 2,471 shares of common stock.
• The disposal was to cover withholding taxes for the vesting 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, Chretien beneficially owns 55,285 shares of Intellinetics common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company insider, with no inherent positive or negative implications for the company's overall prospects.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to stock grants.

Key Dates

Keywords

Form 4, Intellinetics, INLX, Matthew Chretien, Chief Strategy Officer, Stock Disposal, Beneficial Ownership, SEC Filing, Restricted Stock, Withholding Taxes