Invivyd (IVVD) CSO sell-to-cover stock sales after RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Invivyd, Inc. Chief Scientific Officer Robert D. Allen III reported RSU vesting and related stock sales. He acquired 99,000 shares of common stock at $0.0000 per share through the exercise/conversion of restricted stock units and then sold 37,581 shares in open-market transactions.
The sales, at weighted average prices of $1.5396 and $1.5778 per share, were made under a non-discretionary sell-to-cover arrangement to satisfy tax withholding obligations pursuant to a Rule 10b5-1 plan. After these transactions, he directly held 114,487 shares of Invivyd common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,581 shares ($58,600)
Net Sell
4 txns
Insider
Allen Robert D. III
Role
Chief Scientific Officer
Sold
37,581 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 19,392 | $1.5778 | $31K |
| Sale | Common Stock | 18,189 | $1.5396 | $28K |
| Exercise | Restricted Stock Units | 99,000 | $0.00 | -- |
| Exercise | Common Stock | 99,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 114,487 shares (Direct);
Restricted Stock Units — 102,000 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Invivyd, Inc. (the "Company"). The sales reported on this Form 4 represent shares sold to satisfy the Reporting Person's tax withholding obligations upon vesting of an RSU award in non-discretionary "sell-to-cover" transactions pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on February 20, 2025. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.505 to $1.590, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $1.550 to $1.595, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4. This RSU award vests over an eighteen-month period, with one-third of the RSUs vesting every six months following the grant date of February 15, 2025, subject to the Reporting Person's continuous service as of each vesting date.
FAQ
What insider transactions did Invivyd (IVVD) report for its Chief Scientific Officer?
Invivyd’s Chief Scientific Officer Robert D. Allen III reported acquiring 99,000 common shares via RSU conversion and selling 37,581 shares in open-market transactions. These trades reflect routine equity award vesting activity and associated tax-related stock sales.
What RSU activity did Invivyd (IVVD) disclose for its Chief Scientific Officer?
Invivyd disclosed that the CSO exercised or converted 99,000 restricted stock units into an equal number of common shares at $0.0000 per share. The related RSU award vests over eighteen months, with one-third vesting every six months from the February 15, 2025 grant date.
What trading plan governed the recent Invivyd (IVVD) insider sales?
The sales were executed under a Rule 10b5-1 trading plan adopted by the reporting person on February 20, 2025. This plan pre-arranged non-discretionary sell-to-cover transactions to handle tax withholding when restricted stock units vested.