Sec Form 13D Filing - INGALLS & SNYDER LLC filing for Inuvo Inc. (INUV) - 2021-02-01

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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		                Schedule 13D


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                                  UNITED STAES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                 SCHEDULE 13D

                   Under the Securities Exchange Act of 1934
                          (Amendment No. 3)*


			Inuvo, Inc.
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                                (Name of Issuer)


				     Common
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                         (Title of Class of Securities)


				46122W204
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                                 (CUSIP Number)

			Christian C. Park
			Ingalls & Snyder, LLC
			1325 Avenue of the Americas
			New York, NY 10019
			(212) 269-7894

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                 (Name, Address and Telephone Number of Person
               Authorized to Receive Notices and Communications)


				January 21, 2021
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                      (Date of Event which Requires Filing
                               of this Statement)

If the filing person has previously  filed a statement of Schedule 13G to report
the  acquisition  which is the subject of the  Schedule  13D, and is filing this
schedule because of  240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box [ ].

*The  remainder  of this cover page shall be filed out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for any  subsequent  amendment  containing  information  which  would  alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).

                        (Continued on following page(s))





CUSIP No. 46122W204                   13D



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   1   NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON


Ingalls & Snyder, LLC
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   2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                             (a)  [  ]
                                                             (b)  [ X]


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   3   SEC USE ONLY




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   4   SOURCE OF FUNDS*


OO

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   5   CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
       ITEMS 2(d) OR 2(e)                                         [  ]


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   6   CITIZENSHIP OR PLACE OF ORGANIZATION



New York
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   NUMBER OF      7    SOLE VOTING POWER
     SHARES            0
  BENEFICIALLY    --------------------------------------------------------------
    OWNED BY      8    SHARED VOTING POWER
      EACH             0
  REPORTING      --------------------------------------------------------------
     PERSON       9    SOLE DISPOSITIVE POWER
      WITH             5,210,509
                  --------------------------------------------------------------
                  10   SHARED DISPOSITIVE POWER
                       39,600
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  11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

        5,250,109

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  12   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

                                                                      [  ]

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  13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
        4.48%
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  14   TYPE OF REPORTING PERSON*

       IA

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The Shares reported herein are not limited to, but include those of Charles D.
Morgan and G. Kent Burnett who both serve as Directors of Inuvo, Inc. and Rich
Howe who serves as Chairman and CEO of Inuvo, Inc.  All of the individuals are
advisory clients of the Reporting Person.



The following Items are amended and restated in their entirety:

Item 1.  Security and Issuer

Inuvo, Inc. (the "Issuer")
Common Stock (the "Shares")

500 PRESIDENT CLINTON AVENUE., STE 300
LITTLE ROCK, AR  72201


Item 2.  Identity and Background

(a)Ingalls & Snyder, LLC
   The Reporting Person is a limited liability company organized under the laws
   of the State of New York.


(b)Business address and principal office for the Reporting Person:


(c)Present principal occupation or employment and the name, principal
business and address where employment occurs.


(d) During the last five years,the Reporting Person has not
been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors).

(e) During the last five years the Reporting Person was not a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction, and is not subject to a judgment, decree or final order
enjoining future violations of,or prohibiting or mandating activities
subject to, federalor state securities laws or finding any violation
with respect to such laws.

(f)Citizenship:

Item 3.  Source and Amount of Funds or Other Consideration.

Personal funds of Reporting Persons' advisory clients.

Item 4.  Purpose of Transaction

On an ongoing basis, the Reporting Person evaluates the investment in
the Shares which were acquired and held in certain discretionary client
accounts prior to and during Reporting Person acting as the clients'
investment adviser.


Item 5.  Interest in Securities of the Issuer


(a) The Reporting Person is the beneficial owner of 5,250,109 shares
which is equivalent to 4.48% of the outstanding shares of the issuer.

The Reporting Person has the sole power to dispose of or direct the
disposition of 5,210,509 shares, shared power to dispose of or direct the
disposition of 39,600 shares.


(d) Not applicable.

(e)


Item 6.Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.

	None

Item 7.  Material to be Filed as Exhibits.

	None


Signature

After  reasonable  inquiry and to the best of my  knowledge  and belief,  I
certify that the information  set forth in this statement is true,
complete and correct.


Date: February 1, 2021


/s/ Christian C. Park
Christian C. Park