INV insider files Form 4 for 15,371-share disposals Oct 6-8, 2025
Rhea-AI Filing Summary
Innventure, Inc. director Daniel J. Hennessy reported a series of open-market stock sales under a pre-existing Rule 10b5-1 plan. Between 10/06/2025 and 10/08/2025 he sold a total of 15,371 shares of common stock in three transactions, at weighted-average prices of $5.11, $5.01, and $5.05, respectively. After these disposals his beneficial ownership decreased from 1,209,950 shares (implicit prior) to 1,184,573 shares direct ownership as of the last reported sale.
The filing states the trades were made pursuant to a Rule 10b5-1 trading plan adopted on 06/20/2025, and the reporter authorized an attorney-in-fact signature on 10/08/2025. Footnotes disclose each transaction price is a weighted average across multiple executions and the reporter will provide breakdowns on request.
Positive
- Trades executed under a Rule 10b5-1 plan, indicating pre-arranged transactions
- Full-price range disclosure offered via footnotes and willingness to provide per-price breakdowns
Negative
- Director reduced direct ownership by 15,371 shares over three days
- Weighted-average sale prices between $5.01 and $5.11 may be perceived negatively by some investors
Insights
Director sales under a 10b5-1 plan reduced direct holdings modestly over three days.
The sales totaled 15,371 shares executed from 10/06/2025 to 10/08/2025, recorded as direct dispositions and disclosed as governed by a Rule 10b5-1 plan dated 06/20/2025. Using a trading plan generally signals pre-arranged transactions rather than opportunistic timing by insider management.
Risks include potential perception issues when directors sell material share amounts; monitor subsequent filings for additional sales or changes in ownership. If the company announces material news near these dates, compare timing to the plan's adoption date to confirm adherence.
Sales were small relative to typical free-float lines but may marginally increase available shares.
The reported weighted-average prices ranged from $5.01 to $5.11, with individual trade-price ranges disclosed in footnotes. The disclosure of weighted averages and offer to provide per-price breakdowns is consistent with transparent reporting practices for multiple executions.
Near-term liquidity impact is likely minimal unless followed by further insider selling; watch for any Form 4 amendments or additional entries in the next reporting cycle around Q4 2025.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,606 | $5.05 | $43K |
| Sale | Common Stock | 500 | $5.01 | $3K |
| Sale | Common Stock | 6,265 | $5.11 | $32K |
Footnotes (1)
- This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 20, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.36, inclusive. The reporting person undertakes to provide to Innventure, Inc., any security holder of Innventure, 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 ranges set forth in footnote (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.01 to $5.015, inclusive. The reporting person undertakes to provide to Innventure, Inc., any security holder of Innventure, 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 ranges set forth in footnote (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.00 to $5.15, inclusive. The reporting person undertakes to provide to Innventure, Inc., any security holder of Innventure, 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 ranges set forth in footnote (4) to this Form 4.
