INNODATA INC — Director's Dealing 2025

Feb 27, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA INC (INOD)
CIK: 0000903651
Period of Report: 2025-02-26

Reporting Person: Espineli Marissa B (Interim CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-02-26	Common Stock	M	30000	$1.11	Acquired	48000	Direct
2025-02-26	Common Stock	S	30000	$65.09	Disposed	18000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-02-26	Stock Option (Right to Buy)	$1.11	M	30000	Disposed	2028-07-16	Common Stock (30000)	Direct

Footnotes

F1: Includes 18,000 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 financial planning, including for retirement and portfolio diversification purposes.

F3: This transaction was executed in multiple trading prices ranging from $65.00 to $65.54. 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 became fully vested on July 17, 2021.