FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
SANDS MATTHEW T
   2. Issuer Name and Ticker or Trading Symbol
INFORMATION ANALYSIS INC [IAIC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CFO
(Last)
(First)
(Middle)
C/O INFORMATION ANALYSIS INCORPORATED, 11240 WAPLES MILL RD STE 201		 3. Date of Earliest Transaction (Month/Day/Year)
05/05/2021
(Street)

FAIRFAX, VA 22030		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/05/2021   X   8,000 A $ 0.16 18,000 D  
Common Stock 05/05/2021   X   20,000 A $ 0.15 38,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right-to-Buy) $ 0.16 05/05/2021   X     4,000 05/26/2012 05/26/2021 Common Stock 4,000 (1) 172,000 D  
Options (Right-to-Buy) $ 0.16 05/05/2021   X     4,000 05/26/2013 05/26/2021 Common Stock 4,000 (1) 172,000 D  
Options (Right-to-Buy) $ 0.15 05/05/2021   X     10,000 06/12/2013 06/12/2022 Common Stock 10,000 (1) 172,000 D  
Options (Right-to-Buy) $ 0.15 05/05/2021   X     10,000 06/12/2014 06/12/2022 Common Stock 10,000 (1) 172,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SANDS MATTHEW T
C/O INFORMATION ANALYSIS INCORPORATED
11240 WAPLES MILL RD STE 201
FAIRFAX, VA 22030		       CFO  

Signatures

 Matthew T. Sands   05/05/2021
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 1. Per Instruction 4.(c)(iii), Since the transaction is the exercise of a derivative security, column 8 is left blank and the exercise price is reported in column 2.
 
Remarks:
Table I and Table II reflect the exercise of options to purchase 8,000 shares of Common  Stock at an exercise price of $0.16 and the exercise of options to purchase 20,000 shares of Common stock at an exercise price of $0.15.

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