[Form 4] Innventure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Innventure, Inc. (INV) reported insider sales by major shareholder WE-INN LLC, jointly controlled by Gregory and Kimberly Wasson. On 11/18/2025, WE-INN LLC sold 263,782 shares of common stock at a volume-weighted average price of $3.61 per share in multiple trades between $3.30 and $3.97. On 11/19/2025, it sold 235,765 shares at a volume-weighted average price of $3.34 in trades between $3.04 and $3.66, and on 11/20/2025 it sold 302,211 shares at a volume-weighted average price of $3.51 in trades between $3.11 and $3.84. Following these transactions, WE-INN LLC reported 7,290,352 shares of Innventure common stock beneficially owned, held indirectly and jointly by Gregory and Kimberly Wasson through WE-INN LLC, where they serve as President and Executive Vice President.

Insights

Equity Ownership and Governance Analyst

Director-affiliated entity sold about 0.8M shares over three days, reducing but still maintaining a very large indirect position.

The filing shows that **WE-INN LLC**, whose president is **Gregory D. Wasson**, reported three open-market sales of **Innventure, Inc.** common stock on 11/18/2025, 11/19/2025, and 11/20/2025. The sales totaled **801,758** shares at volume-weighted average prices of around $3.61, $3.34, and $3.51, with trades in disclosed price ranges for each day. After these transactions, WE-INN LLC still holds **7,290,352** shares, owned indirectly and jointly by Gregory and Kimberly Wasson, who share voting and dispositive power.

This means a director-associated entity executed sizable disposals while retaining a substantial stake, so governance influence and economic exposure remain significant but reduced. The filing describes only non-derivative common stock sales, with no new derivative grants or exercises reported, which points to a straightforward reduction in the equity position rather than a restructuring into options or other instruments. The explanation confirms the use of multiple trades within specified intraday price bands, which is consistent with execution across normal market liquidity.

Key items to watch include any future Forms 4 showing continued selling, which would further change the ownership profile, and any later disclosures clarifying the role of WE-INN LLC in the shareholder base. The timing and scale of additional ownership changes, if any, would be observable in subsequent Section 16 filings and could matter for perceptions of long-term alignment between this director-affiliated holder and the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

WE-INN LLC

(Last) (First) (Middle)

2045 W GRAND AVE

SUITE B, PMB 82152

(Street)

CHICAGO IL 60612-1557

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Innventure, Inc. [ INV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/18/2025

4. If Amendment, Date of 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

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	11/18/2025		S		263,782	D	$3.61(1)	7,828,328(2)	D
Common Stock	11/19/2025		S		235,765	D	$3.34(3)	7,592,563(2)	D
Common Stock	11/20/2025		S		302,211	D	$3.51(4)	7,290,352(2)	D

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

1. The shares were sold in multiple transactions at prices ranging from $3.30 to $3.97 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

2. The securities are owned indirectly and jointly by Gregory Wasson and Kimberly Wasson, who share voting and dispositive power over the securities held by WE-INN LLC. Mr. and Mrs. Wasson are President and Executive Vice President of WE-INN LLC, respectively.

3. The shares were sold in multiple transactions at prices ranging from $3.04 to $3.66 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

4. The shares were sold in multiple transactions at prices ranging from $3.11 to $3.84 per share. The price reported reflects the volume weighted average price for the transactions. The reporting person undertakes to provide upon request by the SEC staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

	WE-INN LLC /s/ Gregory D. Wasson Gregory D. Wasson, President	11/20/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did WE-INN LLC report for Innventure (INV)?

WE-INN LLC reported three open-market sales of Innventure (INV) common stock on 11/18/2025, 11/19/2025, and 11/20/2025, disposing of 263,782, 235,765, and 302,211 shares respectively.

At what prices were the Innventure (INV) shares sold by WE-INN LLC?

On 11/18/2025, shares were sold at a volume-weighted average price of $3.61 per share in trades between $3.30 and $3.97. On 11/19/2025, the average was $3.34 (range $3.04–$3.66), and on 11/20/2025 the average was $3.51 (range $3.11–$3.84).

How many Innventure (INV) shares does WE-INN LLC own after these sales?

After the reported transactions, WE-INN LLC reported beneficial ownership of 7,290,352 shares of Innventure (INV) common stock.

Who controls WE-INN LLC’s Innventure (INV) holdings?

The securities are owned indirectly and jointly by Gregory Wasson and Kimberly Wasson, who share voting and dispositive power over the shares held by WE-INN LLC and serve as its President and Executive Vice President, respectively.

Is WE-INN LLC a major shareholder of Innventure (INV)?

Yes. The reporting person checked the status of 10% Owner, indicating WE-INN LLC is a significant shareholder of Innventure (INV).

Were the Innventure (INV) insider sales reported as multiple trades?

Yes. For each day, the filing notes the shares were sold in multiple transactions within stated price ranges, and the price reported is the volume-weighted average price for that day’s trades.