| Schedule of stock-based compensation expense |
The stock-based compensation expense related to the Innodata Inc. 2013 Stock Plan, as amended and restated effective June 7, 2016 (the “2013 Plan”, and together with the 2021 Plan, and the 2026 Plan, collectively, the “Equity Plans”) were allocated as follows (in thousands): | | | | | | | | | | | | | | | For the Three Months Ended | | For the Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Direct operating costs | | $ | 680 | | $ | 441 | | $ | 1,345 | | $ | 868 | Selling and administrative expenses | | | 6,516 | | | 2,280 | | | 11,759 | | | 4,734 | Total stock-based compensation | | $ | 7,196 | | $ | 2,721 | | $ | 13,104 | | $ | 5,602 |
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| Schedule of stock option activity |
2013 Plan A summary of option activity under the 2013 Plan and changes during the six-month period ended June 30, 2026 is presented below: | | | | | | | | | | | | | | | | | Weighted-Average | | | | | | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Number of Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2026 | | 2,639,893 | | $ | 3.45 | | 5.25 | | $ | 125,407,354 | Granted | | - | | | - | | - | | | - | Exercised | | (1,788,120) | | | 4.31 | | - | | | - | Forfeited/Expired | | (2) | | | 6.96 | | - | | | - | Outstanding at June 30, 2026 | | 851,771 | | $ | 1.63 | | 3.66 | | $ | 62,990,872 | | | | | | | | | | | | Exercisable at June 30, 2026 | | 851,771 | | $ | 1.63 | | 3.66 | | $ | 62,990,872 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2026 | | 851,771 | | $ | 1.63 | | 3.66 | | $ | 62,990,872 |
2021 Plan A summary of option activity under the 2021 Plan and changes during the six-month period ended June 30, 2026 is presented below. | | | | | | | | | | | | | | | | | Weighted-Average | | | | | | | Weighted - Average | | Remaining Contractual | | Aggregate | | | Number of Options | | Exercise Price | | Term (years) | | Intrinsic Value | Outstanding at January 1, 2026 | | 568,684 | | $ | 21.83 | | 7.79 | | $ | 16,557,907 | Granted | | - | | | - | | - | | | - | Exercised | | (220,804) | | | 14.46 | | - | | | - | Forfeited/Expired | | - | | | | | - | | | - | Outstanding at June 30, 2026 | | 347,880 | | $ | 26.51 | | 7.56 | | $ | 17,069,382 | | | | | | | | | | | | Exercisable at June 30, 2026 | | 170,378 | | $ | 9.56 | | 6.60 | | $ | 11,249,007 | | | | | | | | | | | | Vested and Expected to vest at June 30, 2026 | | 347,880 | | $ | 26.51 | | 7.56 | | $ | 17,069,382 |
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| Summary of restricted stock under the company's plan |
| | | | | | | | | | | | | Number of | | Weighted-Average | | | | Weighted-Average | | | Performance | | Grant Date Fair | | Number of | | Grant Date | | | Restricted Stock Units | | Value | | Restricted Stock Units | | Fair Value | Unvested at January 1, 2026 | | 470,172 | | $ | 50.95 | | 692,301 | | $ | 47.22 | Granted | | - | | | - | | 11,996 | | | 85.79 | Vested | | - | | | - | | (17,898) | | | 43.71 | Forfeited/Expired | | - | | | - | | (20,211) | | | 46.99 | Unvested at June 30, 2026 | | 470,172 | | $ | 50.95 | | 666,188 | | $ | 48.02 |
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