INNODATA INC — Director's Dealing 2025

Nov 12, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA INC (INOD)
CIK: 0000903651
Period of Report: 2025-11-11

Reporting Person: MISHRA ASHOK (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-11	Common Stock	M	28094	$3.41	Acquired	88094	Direct
2025-11-11	Common Stock	S	28094	$62.52	Disposed	60000	Direct
2025-11-12	Common Stock	M	23256	$3.41	Acquired	83256	Direct
2025-11-12	Common Stock	M	26667	$7.24	Acquired	109923	Direct
2025-11-12	Common Stock	M	150077	$4.99	Acquired	260000	Direct
2025-11-12	Common Stock	S	167533	$61.09	Disposed	92467	Direct
2025-11-12	Common Stock	S	10699	$62.28	Disposed	81768	Direct
2025-11-12	Common Stock	S	20368	$63.23	Disposed	61400	Direct
2025-11-12	Common Stock	S	1400	$64.39	Disposed	60000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-11	Employee Stock Option (Right to Buy)	$3.41	M	28094	Disposed	2032-10-06	Common Stock (28094)	Direct
2025-11-12	Employee Stock Option (Right to Buy)	$3.41	M	23256	Disposed	2032-10-06	Common Stock (23256)	Direct
2025-11-12	Employee Stock Option (Right to Buy)	$7.24	M	26667	Disposed	2031-08-01	Common Stock (26667)	Direct
2025-11-12	Employee Stock Option (Right to Buy)	$4.99	M	150077	Disposed	2032-03-09	Common Stock (150077)	Direct

Footnotes

F1: Includes 60,000 restricted stock units ("RSUs") that will vest in three equal installments on December 20, 2025, December 20, 2026 and December 20, 2027, and will be settled into shares of Innodata Inc.'s common stock upon vesting.

F2: The sale of the shares reported in Column 4 was made as part of the reporting person's personal investment and financial planning needs, including for individual retirement planning and portfolio diversification purposes.

F3: This transaction was executed in multiple trades at prices ranging from $62.50 to $62.61. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F4: This transaction was executed in multiple trades at prices ranging from $60.74 to $61.73. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F5: This transaction was executed in multiple trades at prices ranging from $61.74 to $62.55. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F6: This transaction was executed in multiple trades at prices ranging from $63.00 to $63.89. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F7: This transaction was executed in multiple trades at prices ranging from $64.00 to $64.75. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F8: This stock option is fully vested and exercisable.