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EdgarHawk

Marissa B Espineli

Interim CFO

Officer

Latest: Interim CFO selling · May 2026

3 filings analyzed · 1 company · Latest 2026-06-01

Companies

Company Buys Sells Direction
INNODATA INC INOD 0 11 Net selling

Activity

June 2026
2026-06-01 INNODATA INC INOD
high
Sell
19,667 shares
$2,082,436
Significance 6/10

Interim CFO Marissa B Espineli sold 19,667 shares at avg $105.88 for $2.1M, reducing holdings 41.2%; 16,000 options remain.

Marissa B Espineli (Interim CFO) executed 3 separate sales totaling 19,667 shares for $2,082,435.84 on 2026-05-29, reducing her direct non-derivative holdings by 41.2%. The blended average sale price of $105.88 sits only 0.5% below the 52-week high of $114.77, yet the stock has surged 162.0% over the past 30 days and 163.8% over 90 days, suggesting she sold into a period of extreme momentum. Her same-ticker history shows 1 of 2 prior sells achieved negative 90-day returns (well-timed), but her cross-ticker track record shows an average 90-day return of -6.2% after sells (50% well-timed rate), indicating inconsistent transaction timing. INOD's fundamentals—$90.1M quarterly revenue, 47.6% annual growth, and 96.10 P/E—reflect a high-growth profile, but her status as Interim CFO (not permanent) combined with the substantial reduction in her equity stake warrants investor attention to leadership stability and insider confidence signals.

February 2025
2025-02-27 INNODATA INC INOD
high
Sell
30,000 shares
$1,952,700
Significance 6/10

Interim CFO Marissa B Espineli sold 30,000 shares of INOD at $65.09 (2.0M), reducing holdings by 62.5% post-sale to 18,000 shares.

Espineli Marissa B, serving as Interim CFO, executed a substantial reduction in her INOD position, selling 30,000 shares at $65.09 for $1,952,700.00. The sale divested 62.5% of her pre-transaction holdings, retaining only 18,000 shares afterward. The transaction occurred near the company's 52-week high of $64.17, with the stock subsequently declining 18.0% to a current price of $52.62. Her prior transaction at INOD (a sale on 2024-11-21) generated a 90-day return of +26.2%, indicating the stock rose after that earlier sale—not a well-timed outcome. Against the backdrop of strong fundamentals (annual revenue growth of +96.4%, net income of $17,389,000.00, and a P/E of 36.04), the magnitude and timing of this insider reduction warrant investor scrutiny of her forward guidance and outlook.

November 2024
2024-11-22 INNODATA INC INOD
high
Sell
38,333 shares
$1,808,168
Significance 8/10

Interim CFO Espineli Marissa B exits 38.3K INOD shares ($1.8M) after 30-day +136.0% surge; zero holdings post-sale.

Interim CFO Espineli Marissa B executed a complete liquidation of her entire position, selling 38,333 shares at $47.17 for $1,808,167.61, leaving zero shares held. The sale occurred during an exceptional rally: INOD has surged +136.0% over the past 30 days and +133.9% over 90 days, tracking significantly above its 52-week high of $46.23. The company shows mixed financial signals—Q3 revenue was $52,224,000 with net income of $17,389,000 and annual growth of +9.8%—yet the P/E of 79.95 reflects substantial valuation premium relative to recent performance. The complete exit by an interim CFO following such a dramatic price appreciation warrants closer examination of near-term business momentum and whether recent financial conditions support current market pricing.

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