X0306 4 2017-12-04 0001619954 Inovalon Holdings, Inc. INOV 0001631092 Wychulis Robert A 4321 COLLINGTON ROAD BOWIE MD 20716 0 1 0 0 President Class A Common Stock 2017-12-04 4 C 0 50200 0 A 466286 D Class A Common Stock 2017-12-04 4 S 0 50200 15.602 D 416086 D Class A Common Stock 2017-12-05 4 C 0 59906 0 A 475992 D Class A Common Stock 2017-12-05 4 S 0 35628 15.448 D 440364 D Employee Stock Option (right to buy) 7.88 2017-12-04 4 X 0 50200 0 D 2015-08-15 2024-08-14 Class B Common Stock 50200 170012 D Class B Common Stock 2017-12-04 4 X 0 50200 0 A Class A Common Stock 50200 50200 D Class B Common Stock 2017-12-04 4 C 0 50200 0 D Class A Common Stock 50200 0 D Employee Stock Option (right to buy) 7.88 2017-12-05 4 X 0 59906 0 D 2015-08-15 2024-08-14 Class B Common Stock 59906 110106 D Class B Common Stock 2017-12-05 4 X 0 59906 0 A Class A Common Stock 59906 59906 D Class B Common Stock 2017-12-05 4 C 0 59906 0 D Class A Common Stock 59906 0 D The price reported in Column is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.30 to $15.95, inclusive. The reporting person undertakes to provide to Inovalon Holdings, Inc., any security holder of Inovalon Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 to this Form 4. The price reported in Column is a weighted average price. These shares were sold in multiple transactions at prices ranging from $15.25 to $15.55, inclusive. The reporting person undertakes to provide to Inovalon Holdings, Inc., any security holder of Inovalon Holdings, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 to this Form 4. The Class B Common Stock is convertible into the issuer's Class A Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and has no expiration date. /s/ Kamyar Daneshvar, Attorney-in-Fact for Robert A. Wychulis 2017-12-06