Every Form 4 that Innventure, Inc. (INV) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow INV and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INV filings page.
Innventure, Inc. (INV) director and officer Michael Otworth reported an other disposition of 154,829 shares of Common Stock on September 8, 2026, classified as a voluntary forfeiture and cancellation of previously issued shares. The company states this action was described in an August 19, 2026 letter to shareholders from the Board of Directors.
The event is characterized as not a sale; Otworth received no proceeds or other consideration in connection with the forfeiture. After this transaction, he reports 3,626,258 shares of Innventure common stock held directly. No Rule 10b5‑1 trading plan is reported for this transaction.
Innventure, Inc. (symbol: INV) is the issuer of record for a Form 4 filing submitted to the SEC. Yablunosky David reported disposition transactions in this Form 4 filing.
Innventure, Inc. (INV) reported that its CFO and CAO, David Yablunosky, voluntarily forfeited and cancelled 1,236 shares of common stock on September 8, 2026. The company states this was not a sale, involved no proceeds or other consideration, and left him holding 542,758 shares directly.
Innventure, Inc. (symbol: INV) is the issuer of record for a Form 4 filing submitted to the SEC. Donnally James O reported disposition transactions in this Form 4 filing.
Innventure, Inc. (INV) reports that director James O. Donnally voluntarily forfeited and cancelled 2,227 shares of Common Stock on September 8, 2026. The forfeiture was not a sale, and he received no proceeds or other consideration. Following this transaction, he holds 16,010 shares directly, plus additional indirect holdings through family entities and a trust, including interests where he disclaims beneficial ownership beyond any pecuniary interest.
Innventure, Inc. (symbol: INV) is the issuer of record for a Form 4 filing submitted to the SEC. Haskell Gregory W reported disposition transactions in this Form 4 filing.
Innventure, Inc. (INV) reported that Former Chief Executive Officer Gregory W. Haskell voluntarily forfeited and cancelled 46,460 shares of common stock on September 9, 2026. The footnote states this was not a sale, and Haskell received no proceeds or other consideration. Following the transaction, he directly holds 933,343 shares of Innventure common stock, and no Rule 10b5-1 trading plan is reported.
Innventure, Inc. (INV) director Bruce Brown reported an open-market purchase of 30,000 shares of common stock on 2026-08-20 at a weighted average price of $1.5133 per share, with individual trade prices ranging from $1.4602 to $1.55. Following this transaction, Brown directly holds 106,905 Innventure shares. The transaction was not reported as made under a Rule 10b5-1 trading plan.
Innventure, Inc. (INV) reported that its Chief Executive Officer, Gregory W. Haskell, purchased 50,000 shares of common stock on 2026-08-20 in an open-market or private transaction at a weighted average price of $1.512 per share, with individual trade prices ranging from $1.46 to $1.59. Following this transaction, Haskell directly holds 979,803 shares of Innventure common stock. The filing indicates the Rule 10b5-1 checkbox was not marked as an affirmatively adopted trading plan.
Innventure, Inc. (INV) reported that Executive Chairman Michael Otworth purchased 231,000 shares of common stock on 2026-08-20 in an open market or private transaction. The shares were bought at a weighted average price of $1.5121 per share, with individual trade prices ranging from $1.46 to $1.59. Following this purchase, Otworth directly holds 3,781,087 Innventure common shares.
Innventure, Inc. (INV) director James O. Donnally reported that an affiliated entity, Our-No Family Holdings LP, purchased 225,000 shares of Common Stock on August 20, 2026 at a weighted average price of $1.50 per share, with individual trades between $1.48 and $1.53. Donnally has voting and investment power over shares held by Our-No Family Holdings and by the James O. Donnally Revocable Trust, and he reports 18,237 shares held directly. Shares held through the Glockner Family Venture Fund are reported based on his pecuniary interest, with beneficial ownership otherwise disclaimed.
Brown Bruce reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Bruce Brown received a stock grant of common shares as board compensation. On the transaction date, he was awarded 7,083 shares of fully vested common stock at a stated price of $0.00 per share, reflecting fees taken in stock rather than cash under Innventure’s Second Amended and Restated Non-Management Director Compensation Plan for the second calendar quarter of 2026. Following this routine, non–open-market award, Brown directly held 76,905 Innventure common shares.
Innventure, Inc. director Suzanne Niemeyer reported a routine tax-related share disposition tied to equity compensation. On the vesting of restricted stock units, 27,276 shares of common stock were withheld at $6.01 per share to satisfy tax withholding obligations, rather than sold in the open market. After this administrative tax-withholding transaction, she directly holds 632,221 Innventure common shares. The filing notes the report itself was submitted late due to an administrative error.
Innventure, Inc. director James O. Donnally reported routine equity movements involving gifts and stock compensation. He received 5,425 fully vested shares of Common Stock as a grant under Innventure’s Non-Management Director Compensation Plan in lieu of cash retainers for the second quarter of 2026.
Donnally also made bona fide gifts totaling 10,850 shares. One gift moved 5,425 directly owned shares into the James O. Donnally Revocable Trust, over which he has voting and investment power. Another 5,425-share gift involved indirectly held stock. After these transactions, he holds 23,662 shares directly, 27,886 shares through the Donnally Trust, 1,635,349 shares indirectly via the Glockner Family Venture Fund where he disclaims beneficial ownership beyond any pecuniary interest, and 4,708,121 shares through Our-No Family Holdings LP, where he has voting and investment power.
Williams Elizabeth Suzanne reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director equity compensation update: Elizabeth Suzanne Williams received a grant of 2,466 fully vested shares of Innventure common stock. These shares were issued under the company’s Second Amended and Restated Non-Management Director Compensation Plan.
The grant reflects her election to receive stock in lieu of 50% of the cash retainers she would have been paid for serving as a director during the second calendar quarter of 2026. Following this award, she holds a total of 53,582 Innventure common shares directly.
Amalfitano Michael reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Michael Amalfitano received a grant of 18,237 shares of Common Stock in the form of Restricted Stock Units under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan. These RSUs vest on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders. Following this award, he directly holds 47,919 shares of Common Stock. The award is a compensation grant at no purchase price, not an open-market share purchase.
Brown Bruce reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Bruce Brown received an equity grant of 18,237 shares of common stock in the form of Restricted Stock Units (RSUs). These RSUs were granted under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan as compensation, not through an open-market purchase.
The RSUs vest on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders of Innventure, Inc. Following this grant, Brown directly holds 69,822 shares of the company’s common stock, reflecting his updated equity stake as a director.
Hewitt John D. reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director John D. Hewitt received a grant of 18,237 shares of Common Stock in the form of Restricted Stock Units under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan. These RSUs vest on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders. Following this award, Hewitt directly holds 20,798 shares of Innventure common stock. The grant is compensation-related and carries a zero-dollar transaction price, meaning it was not an open-market purchase.
Innventure, Inc. director Elizabeth Suzanne Williams received an equity grant of 18,237 shares of common stock. The Form 4 shows these shares were awarded at a price of $0.00 per share as a grant or award acquisition, not an open-market purchase.
Following this transaction, Williams holds 51,116 shares of Innventure common stock directly. A footnote explains the award consists of Restricted Stock Units (RSUs) granted under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan, vesting on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders.
Innventure, Inc. director James O. Donnally reported routine equity and gifting activity involving the company’s common stock. He received 18,237 Restricted Stock Units (RSUs) under the 2024 Equity and Incentive Compensation Plan, vesting on the earlier of the first anniversary of grant or the next annual stockholder meeting. He also made bona fide gifts of 22,305 shares of directly owned common stock to the James O. Donnally Revocable Trust, over which he retains voting and investment power. The filing additionally notes sizeable indirect holdings through family investment entities, including one where he has voting control and another Glockner Family fund where he disclaims beneficial ownership beyond any pecuniary interest.
Fallon Catriona M reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Catriona M. Fallon reported an equity compensation grant in the form of restricted stock units. She was awarded 18,237 shares of common stock at a stated price of $0.00 per share, bringing her direct holdings reported in this filing to 18,237 shares.
The footnote explains these are Restricted Stock Units granted under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan. The RSUs vest on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders, making this a time-based, non-market award.
Hewitt John D. reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director John D. Hewitt received an equity award of 2,561 shares of common stock in the form of Restricted Stock Units (RSUs) at no cash cost to him. These RSUs were granted under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan.
The RSUs vest on the earlier of the first anniversary of the grant date or the next regularly scheduled annual meeting of stockholders. After this grant, Hewitt holds 2,561 shares of common stock directly, reflecting a routine compensation-related award rather than an open-market purchase.
Haskell Gregory W reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. reported that Chief Executive Officer Gregory W. Haskell received a grant of 46,460 shares of Common Stock on April 17, 2026. The award carried a reported price of $0.00 per share and was received upon achievement of a milestone under a Business Combination Agreement dated October 24, 2023.
Following this equity award, Haskell directly holds 929,803 shares of Innventure common stock. The company noted that this transaction was reported late due to an administrative error.
Donnally James O reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director James O. Donnally reported two indirect stock awards of Common Stock dated April 17, 2026, each at $0.00 per share. One award covered 27,849 shares and another 80,848 shares, received upon achieving a milestone under a Business Combination Agreement.
Following these awards, one indirect holding totals 4,708,121 shares and another totals 1,607,619 shares. Footnotes explain that some shares are held through the James O. Donnally Revocable Trust, where he has voting and investment power, and others through the Glockner Family Venture Fund, where he has limited pecuniary interest and no investment authority. The filing notes the transactions were reported late due to an administrative error.
Yablunosky David reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director and executive officer David Yablunosky, the company’s CFO and CAO, received a grant of 1,236 shares of Common Stock on April 17, 2026 at a stated price of $0.00 per share. The award was received upon achievement of a milestone under the company’s Business Combination Agreement. Following this grant, Yablunosky directly holds 543,994 shares of Innventure common stock. The filing notes that this transaction is being reported late due to an administrative error.
Otworth Michael reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. Executive Chairman Michael Otworth reported receiving a grant of 154,829 shares of common stock on April 17, 2026. The shares were awarded at no cash cost to him in connection with achieving a milestone under the company’s Business Combination Agreement.
After this equity award, Otworth directly holds 3,550,087 shares of Innventure common stock. The company notes that this Form 4 is being filed late due to an administrative error.
Innventure, Inc. director Daniel J. Hennessy executed an open-market sale of 582,139 shares of Common Stock of Innventure on April 20, 2026. The weighted average sale price was $5.52 per share, based on multiple trades between $5.00 and $5.85. After this transaction, Hennessy directly holds 182,358 Innventure shares. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person.
Innventure, Inc. director Daniel J. Hennessy sold 2,992 shares of common stock in an open-market transaction on April 14, 2026 at a weighted average price of $5.01 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and he now holds 764,497 shares directly.
Innventure, Inc. director and CFO/CAO David Yablunosky reported new equity awards. He received 121,228 Restricted Stock Units under the Innventure, Inc. 2024 Equity and Incentive Compensation Plan, vesting in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029, subject to continuous service.
He was also granted 85,795 nonqualified stock options for Common Stock with a $6.00 exercise price, expiring on April 2, 2036. One-third vests on April 2, 2027 and the remaining two-thirds in eight substantially equal quarterly installments thereafter, contingent on continued service. Following these awards, he directly holds 542,758 Common Stock shares and indirectly 32,866 shares through a Roth IRA.
Innventure, Inc. director Suzanne Niemeyer reported equity awards that increase her direct holdings. She received 121,228 shares of Common Stock as a grant under the 2024 Equity and Incentive Compensation Plan, bringing her direct Common Stock holdings to 659,497 shares following the award.
She was also granted nonqualified stock options for 85,795 shares of Common Stock with a $6.00 exercise price, which exceeds the $4.64 closing price on the grant date. One-third of the options vest on April 2, 2027, with the remainder vesting in regular installments thereafter, subject to continued service.
Innventure, Inc. reported that Chief Executive Officer Gregory W. Haskell received new equity awards on April 2, 2026. He was granted 228,787 nonqualified stock options for common stock at an exercise price of $6.00 per share, expiring on April 2, 2036. One-third of these options vest on April 2, 2027, with the remaining two-thirds vesting in eight substantially equal quarterly installments thereafter, subject to continued service. He also received 121,228 Restricted Stock Units, vesting in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029, also conditioned on continued service. Following the stock grant, Haskell directly owned 883,343 shares of common stock.
Innventure, Inc. reported that Executive Chairman Michael Otworth received new equity awards as part of his compensation. He was granted nonqualified stock options for 85,795 shares of common stock at a $6.00 exercise price, which is above the $4.64 closing price on the grant date. These options vest over time starting on April 2, 2027.
Otworth was also granted 121,228 shares of common stock in the form of Restricted Stock Units under the 2024 Equity and Incentive Compensation Plan. The RSUs vest in three equal installments on April 2, 2027, April 2, 2028, and April 2, 2029, subject to his continued service. Following the RSU grant, his direct common stock holdings total 3,395,258 shares.
Donnally James O reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director James O. Donnally received an equity grant of 7,033 shares of Common Stock at $3.91 per share. The shares are fully vested and were issued under Innventure’s Second Amended and Restated Non-Management Director Compensation Plan in lieu of all cash retainers for the first quarter of 2026.
Following this award, Donnally holds 22,305 shares directly and also reports substantial indirect ownership through related entities, including a revocable trust and family investment vehicles. He retains voting and investment power over some of these indirect holdings, while expressly disclaiming beneficial ownership in others beyond his pecuniary interest.
Brown Bruce reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Bruce Brown received 8,951 shares of common stock as a fully vested equity grant valued at $3.91 per share. The shares were issued under Innventure’s Second Amended and Restated Non-Management Director Compensation Plan.
Brown elected to take this stock in lieu of all cash retainers he would have received for serving as a non-management director during the first quarter of 2026. After this grant, he directly owns 51,585 Innventure common shares.
HENNESSY DANIEL J reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Daniel J. Hennessy received 6,394 fully vested shares of common stock valued at $3.91 per share as compensation. The shares were granted under Innventure’s Second Amended and Restated Non-Management Director Compensation Plan.
Hennessy elected to take stock instead of all cash retainers for the first calendar quarter of 2026. Following this award, he directly owns 767,489 Innventure common shares.
Williams Elizabeth Suzanne reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director Elizabeth Suzanne Williams reported receiving a grant of 3,197 shares of fully vested common stock at $3.91 per share. This was compensation under Innventure’s Second Amended and Restated Non-Management Director Compensation Plan.
According to the filing footnote, Williams elected to take these shares instead of 50% of the cash retainers she would have received for serving as a director during the first calendar quarter of 2026. Following this award, her direct holdings increased to 32,879 Innventure common shares.
Innventure, Inc. Chief Strategy Officer Scott John Stewart reported a tax-withholding disposition of 150,053 shares of common stock at $2.80 per share. The shares were withheld to cover tax obligations related to vesting restricted stock units, and he held 1,814,998 shares directly after the transaction.
Innventure, Inc. Executive Chairman Michael Otworth reported a tax-related share disposition. On the vesting of restricted stock units, 218,577 shares of common stock were withheld at a price of $2.80 per share to satisfy tax withholding obligations. After this transaction, he directly owned 3,274,030 shares of Innventure common stock.
Innventure, Inc. director Bruce Brown reported acquiring 8,202 shares of common stock on February 20, 2026. These fully vested shares, valued at $3.83 per share, were granted under the company’s Non-Management Director Compensation Plan in lieu of cash retainers for the fourth quarter of 2025. Following this award, Brown directly holds 42,634 shares of Innventure common stock.
Donnally James O reported acquisition or exercise transactions in this Form 4 filing.
Innventure, Inc. director James O. Donnally received a grant of 7,180 fully vested shares of common stock at $3.83 per share under the company’s Non-Management Director Compensation Plan, in lieu of cash retainers for the fourth quarter of 2025, bringing his direct holdings to 22,305 shares. He also reports indirect interests through the James O. Donnally Revocable Trust and Our-No Family Holdings LP, where he has voting and investment power, and through the Glockner Family Venture Fund, where he has no decision-making authority and disclaims beneficial ownership beyond any pecuniary interest.
Innventure, Inc. insider WE-INN LLC, identified as a reporting person with director status, reported open-market sales of the company’s common stock. On 12/17/2025, WE-INN LLC sold 184,777 shares at a volume-weighted average price of $4.86 per share, and on 12/18/2025 it sold an additional 252,502 shares at a volume-weighted average price of $4.68 per share.
After these transactions, WE-INN LLC reported beneficial ownership of 6,135,284 Innventure common shares. The filing explains that these securities are owned indirectly and jointly by Gregory and Kimberly Wasson, who share voting and dispositive power over the shares held by WE-INN LLC, where they serve as President and Executive Vice President.
Innventure, Inc. (INV) disclosed that a director reported an open-market purchase of 27,886 shares of common stock on 11/21/2025, at a weighted average price of $3.37 per share, with individual trade prices ranging from $3.29 to $3.40. The shares were purchased by Our-No Family Holdings, LP, over which the reporting person has voting and investment power.
After this transaction, the reporting person beneficially owns 27,886 shares indirectly through Our-No Family Holdings, 27,055 shares directly, 4,680,272 shares indirectly through the James O. Donnally Revocable Trust noted in one footnote, and 1,507,808 additional shares indirectly through a trust referenced in another footnote. All reported positions relate to Innventure common stock with a par value of $0.0001 per share.
Innventure, Inc. (INV) director Suzanne Niemeyer reported an open market purchase of company stock. On 11/20/2025, she bought 4,000 shares of Innventure common stock at a price of $3.4 per share, reported with transaction code "P" for a purchase. Following this transaction, she beneficially owns 538,269 shares of Innventure common stock in direct ownership. The filing is a Form 4 submitted by a single reporting person in her capacity as a director.
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.
Innventure, Inc. (INV): Insider transaction reported. WE-INN LLC, signed by President Gregory D. Wasson, reported open‑market sales of Innventure common stock. On 10/27/2025, 98,167 shares were sold at a volume‑weighted average price of $2.97 per share, with individual trade prices ranging from $2.85 to $3.05. Following this, beneficial ownership was 8,241,818 shares.
On 10/29/2025, 149,708 shares were sold at a volume‑weighted average price of $2.92 per share, with trades ranging from $2.51 to $3.09. After these transactions, beneficial ownership was 8,092,110 shares. The filing notes the securities are owned indirectly and jointly by Gregory and Kimberly Wasson through WE-INN LLC, over which they share voting and dispositive power.
Innventure, Inc. (INV) reported insider sales by 10% owner WE-INN LLC on Form 4. WE-INN LLC sold common stock on three dates: 436,296 shares on 10/22/2025 at a volume‑weighted average price of $3.01; 193,587 shares on 10/23/2025 at $3.13; and 263,627 shares on 10/24/2025 at $3.03.
The filing notes these were executed in multiple transactions, with price ranges of $2.83–$3.20 (10/22), $2.95–$3.50 (10/23), and $2.92–$3.23 (10/24). Following the reported transactions, beneficial ownership was 8,339,985 shares. The securities are owned indirectly and jointly by Gregory Wasson and Kimberly Wasson through WE-INN LLC, where they serve as President and Executive Vice President, respectively.
WE-INN LLC, a 10% owner of Innventure, Inc. (INV), reported an open‑market sale of 2,300 shares on October 10, 2025 at a volume‑weighted average price of $3.92.
The trades were executed in multiple transactions at prices ranging from $3.45 to $4.81 per share. Following the sale, 557,700 shares were beneficially owned. Gregory and Kimberly Wasson share voting and dispositive power over the securities held by WE‑INN LLC.
Innventure, Inc. (INV) reported an insider transaction by a director. On 10/09/2025, the director sold 10,828 shares of common stock at a weighted average price of $5.21, executed under a Rule 10b5-1 trading plan adopted on June 20, 2025. Following the sale, the director beneficially owns 1,173,745 shares with direct ownership. The filing notes the sales occurred in multiple trades within a price range of $5.04 to $5.28.
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.
Innventure, Inc. director Bruce Brown acquired 4,750 fully vested shares of common stock on 09/30/2025 at an indicated price of $5.79 per share. The shares were received under the companys 2024 Non-Management Director Compensation Plan as an election to take stock in lieu of the cash retainer for the third calendar quarter of 2025. After the transaction, the reporting person beneficially owned 34,432 shares, held directly.
The Form 4 reports this as a routine, non-derivative compensation issuance to a director rather than an open-market purchase or sale. The disclosure clarifies the grant was fully vested on receipt and reflects standard director compensation mechanics rather than operational or financial performance metrics.
Innventure, Inc. director James O. Donnally received 4,750 fully vested shares of common stock on 09/30/2025 under the company's 2024 Non-Management Director Compensation Plan in lieu of his cash retainer for Q3 2025 at an indicated price of $5.79 per share. After the issuance, Donnally directly beneficially owns 27,055 shares and reports indirect holdings of 4,680,272 shares through the Glockner Family Venture Fund and 1,507,808 shares through the James O. Donnally Revocable Trust, with voting and investment power over the trust shares. The filing discloses a July 15, 2025 transfer of 7,377 directly owned shares to the Donnally Trust and includes a disclaimer that Donnally disclaims beneficial ownership of the Glockner Fund shares except to the extent of any pecuniary interest.