Forsythe Alison G. 4

What Happened

Alison G. Forsythe, CEO of INTELLINETICS, reported receipt of restricted stock on April 1, 2026. She acquired 36,131 vested shares at $7.45 each (value $269,176) and concurrently had 12,403 shares surrendered to the company to cover withholding taxes (value $92,402). The filing also shows two derivative grants of 48,533 shares each (coded as awards) at $7.45 per share (each valued at $361,571; combined derivative value $723,142). Net newly owned shares from the vested portion (after tax withholding) = 23,728 shares.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (no late filing flagged).
• Prices reported: $7.45 per share for all line items.
• Shares acquired (vested): 36,131 shares (value $269,176).
• Shares surrendered for taxes: 12,403 shares (value $92,402).
• Derivative awards: Two grants of 48,533 shares each (each $361,571; total $723,142).
• Total value of awarded shares reported ≈ $992,318 (vested + derivative grants).
• Shares owned after transaction: not specified in the filing.
• Footnotes: F1 — the 36,131 shares were the currently vested portion of a restricted stock grant awarded April 1, 2026; F2 — 12,403 shares were remitted to the company to satisfy withholding tax obligations.

Context

These entries reflect a restricted stock vesting event with tax withholding rather than an open-market purchase or sale. The derivative entries are additional awards reported as derivative securities (e.g., restricted stock units/awards) and are typically subject to future vesting or conversion conditions; the filing does not indicate any immediate sale of shares. This is a common executive compensation action and should be viewed as award-related reporting rather than a market trade for cash.