---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-014655"
form_type: "8-K"
ticker: "IDN"
cik: "0001040896"
company_name: "Intellicheck, Inc."
filed_at: "2022-05-20T23:59:59+00:00"
generated_at: "2026-06-25T08:31:46.708489+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Intellicheck: non-reliance on FY2020, FY2021 and multiple quarterly periods due to stock option classification errors

## Summary
- Board determined that quarterly periods ended Sep 30, 2020, Mar 31, Jun 30, Sep 30 2021, and years ended Dec 31, 2020 and 2021, should no longer be relied upon.
- Cashless withholding for option exercises caused misclassification as equity instead of liability; tax withholding administrative error also occurred.
- Expected impact: increase in accrued liabilities of $1.6M-$2.0M and decrease in stockholders' equity of $1.6M-$2.0M over affected periods.
- Expected non-cash increase in SG&A expenses totaling $2.7M (Sep 2020), $3.5M (Mar 2021), $0.1M each for Jun and Sep 2021, and $3.3M (FY2021).
- Company will amend 10-Qs for Mar, Jun, Sep 2021 and 10-K for FY2021; has engaged a fintech firm to manage stock option exercises.

## SEC filing metadata
- accession: 0001493152-22-014655
- form_type: 8-K
- ticker: IDN
- cik: 0001040896
- company_name: Intellicheck, Inc.
- filed_at: 2022-05-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040896/000149315222014655/0001493152-22-014655-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040896/000149315222014655/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-014655
- JSON: https://secwatch.observer/filing/0001493152-22-014655.json
- Plain text: https://secwatch.observer/filing/0001493152-22-014655.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.