[Form 4] Innventure, Inc. Insider Trading Activity

Rhea-AI Filing Summary

David Yablunosky, Chief Financial Officer and Chief Accounting Officer and director of Innventure, Inc. (INV), received a grant of 112,740 restricted stock units (RSUs) on 08/25/2025. The RSUs have a $0 transaction price and vest in three equal annual installments on 08/25/2026, 08/25/2027 and 08/25/2028, subject to continuous service through each vesting date.

Following the grant, the reporting person beneficially owns 421,530 shares directly. In addition, the report discloses 32,866 shares indirectly held by a custodian for a Roth IRA. The Form 4 shows the transaction code as an acquisition and the grant was reported by an attorney-in-fact for the reporting person.

Positive

• Management alignment: The RSUs vest over three years, which aligns the CFO/CAO's interests with long-term shareholder value.
• Increased insider ownership: Reporting person beneficially owns 421,530 shares directly, plus 32,866 indirect shares, signaling internal stake in the company.

Negative

• Potential dilution: Grant of 112,740 RSUs will increase outstanding share equivalents when vested, which can dilute existing shareholders depending on company capitalization.
• Limited context: The Form 4 does not disclose total shares outstanding or grant approval details, preventing assessment of relative grant size or governance review.

Insights

Financial Analyst

TL;DR: A material executive equity grant increases insider alignment but dilutes potential share count; impact appears routine and not immediately market-moving.

The 112,740 RSU grant to the CFO/CAO and director is compensation-linked and vests over three years, aligning management incentives with shareholder outcomes. The grant is recorded at $0 price, indicating typical equity compensation rather than a market purchase. Post-grant direct ownership of 421,530 shares plus 32,866 indirect shares increases insider stake, which may be viewed positively for governance. Absent additional context on total shares outstanding or prior compensation levels, the grant's magnitude relative to company capitalization cannot be assessed from this form alone.

Corporate Governance Expert

TL;DR: Standard time‑based RSU award with three-year vesting suggests retention focus; disclosure is routine and compliant.

The award is structured as restricted stock units vesting in equal installments contingent on continuous service, a common retention mechanism. The reporting person holds multiple roles (director, CFO, CAO), making transparent disclosure important; this Form 4 provides required details about amount, vesting schedule, and indirect holdings. There is no indication in the filing of performance-based conditions or accelerated vesting triggers. For governance assessment, one would normally compare this award to peer pay practices and board approvals, but such information is outside this filing.

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
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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^*

Yablunosky David

(Last) (First) (Middle)

6900 TAVISTOCK LAKES BLVD,

SUITE 400

(Street)

ORLANDO FL 32827

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		A		112,740(1)	A	$0	421,530	D
Common Stock								32,866	I	By Community National Bank Custodian FBO David Yablunosky Roth IRA

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. Restricted Stock Units ("RSUs") granted to the Reporting Person under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan, and vesting in three equal installments on August 25, 2026, August 25, 2027, and August 25, 2028, subject to the Reporting Person's continuous service to the Issuer until the appliable vesting date.

	/s/ Suzanne Niemeyer, Attorney-In-Fact	08/27/2025
	** 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 RSUs were reported for Innventure (INV)?

The report shows a grant of 112,740 restricted stock units (RSUs) to David Yablunosky, recorded as an acquisition at $0.

When do the RSUs vest for the reporting person?

The RSUs vest in three equal installments on 08/25/2026, 08/25/2027, and 08/25/2028, subject to continuous service.

How many Innventure shares does the reporting person own after the transaction?

Following the reported transaction the reporting person beneficially owns 421,530 shares directly and 32,866 shares indirectly via a custodian FBO a Roth IRA.

What roles does the reporting person hold at Innventure?

The reporting person is disclosed as a Director and an Officer with titles of CFO and CAO.

Was the Form 4 filed by the reporting person or an agent?

The form indicates it was signed and reported by an attorney-in-fact on behalf of the reporting person.