INNODATA INC — Director's Dealing 2025

Mar 4, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA INC (INOD)
CIK: 0000903651
Period of Report: 2025-03-03

Reporting Person: FORLENZA LOUISE C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-03-03	Common Stock	M	5000	$7.24	Acquired	13278	Direct
2025-03-03	Common Stock	S	5000	$52.92	Disposed	8278	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-03-03	Employee Stock Option (Right to Buy)	$7.24	M	5000	Disposed	2031-08-01	Common Stock (5000)	Direct

Footnotes

F1: Includes 8,278 restricted stock units ("RSUs") that will vest 100% on the earlier to occur of (i) June 5, 2025 and (ii) the date of Innodata Inc.'s 2025 annual meeting of stockholders and will be settled into shares of Innodata'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 $52.73 to $53.08. 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: These stock options vested in their entirety on August 2, 2021.