Invivyd (IVVD) HR chief logs RSU vesting and tax sell-to-cover sales
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Invivyd, Inc.’s Chief Human Resources Officer Julie Green reported RSU vesting and related share sales. On February 15, she acquired 99,000 shares of common stock at $0.00 per share through the conversion of restricted stock units, increasing her direct common stock holdings.
On February 17 and 18, Green sold a total of 40,627 common shares in open-market transactions at weighted average prices of $1.5396 and $1.5778 per share. Footnotes explain these were non-discretionary “sell-to-cover” trades under a Rule 10b5-1 plan to satisfy tax withholding on the RSU vesting. After these transactions, she directly held 107,717 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 40,627 shares ($63,350)
Net Sell
4 txns
Insider
Green Julie
Role
Chief Human Resources Officer
Sold
40,627 shs ($63K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 20,964 | $1.5778 | $33K |
| Sale | Common Stock | 19,663 | $1.5396 | $30K |
| Exercise | Restricted Stock Units | 99,000 | $0.00 | -- |
| Exercise | Common Stock | 99,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 107,717 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) executive Julie Green report?
Julie Green reported both RSU vesting and stock sales. She acquired 99,000 Invivyd common shares via restricted stock unit conversion, then sold 40,627 shares in open-market transactions to cover tax withholding obligations tied to that vesting under a pre-established Rule 10b5-1 plan.
Were Julie Green’s Invivyd (IVVD) stock sales discretionary trades?
The sales were described as non-discretionary sell-to-cover trades. Footnotes state the transactions were executed under a Rule 10b5-1 trading plan to satisfy tax withholding obligations arising from vesting of a restricted stock unit award granted to Julie Green.
What are the terms of Julie Green’s Invivyd (IVVD) RSU award?
The RSU award vests over eighteen months. One-third of the restricted stock units vest every six months following the February 15, 2025 grant date, contingent on Julie Green’s continuous service with Invivyd on each scheduled vesting date.
How are the reported Invivyd (IVVD) sale prices for Julie Green’s trades calculated?
The reported sale prices are weighted averages. Footnotes explain the shares were sold in multiple transactions within price ranges, and the Form 4 discloses a single weighted average price for each day, with detailed trade data available upon request.