Bradley Radoff and Foundation Report 9.8% of INVE, Push for Strategic Change

Rhea-AI Filing Summary

Radoff Family Foundation and Bradley L. Radoff filed Amendment No. 3 to a Schedule 13D reporting combined beneficial ownership of 2,322,345 shares of Identiv, Inc. (INVE), or approximately 9.8% of 23,721,826 shares outstanding. The filing states the Foundation directly owns 297,345 shares (≈1.3%) bought with working capital for about $1,050,382, and Mr. Radoff directly owns 2,025,000 shares (≈8.5%) purchased with personal funds for about $6,939,268, including commissions. The Reporting Persons note Identiv is evaluating strategic alternatives and state a preference that the company cease operating as a standalone public company; they will support directors they believe will maximize stockholder value.

Positive

• Transparent disclosure of aggregate holdings (2,322,345 shares) and purchase prices ($6,939,268 and $1,050,382)
• Material ownership stake (~9.8%) that could enable constructive engagement on strategic alternatives
• Clear intent to support directors focused on maximizing stockholder value

Negative

• Public statement preferring a take-private outcome may create uncertainty for public shareholders and near-term governance disruption
• Concentration of voting power through combined holdings and director relationship could pressure board decisions

Insights

Activist Investor Analyst

TL;DR: A significant 9.8% ownership and explicit intent to back directors seeking value-maximizing outcomes signals potential governance and strategic pressure.

The filing documents a concentrated position: Mr. Radoff directly owns 2,025,000 shares and the Radoff Family Foundation owns 297,345 shares, together ~9.8% of Identiv. The filing explicitly states the Reporting Persons favor that Identiv not remain a standalone public company and will support directors aligned with maximizing stockholder value. These statements are typical of investors preparing to influence strategic direction, particularly while the company is evaluating strategic alternatives with a financial advisor. The disclosed purchase prices ($6.94M and $1.05M aggregates) confirm material capital commitment and potential willingness to engage in governance or transaction activities.

Corporate Governance Expert

TL;DR: Public support for directors tied to a take-private view raises governance focus and could accelerate strategic review outcomes.

The amendment clarifies beneficial ownership calculations based on 23,721,826 shares outstanding and reiterates that Mr. Radoff may be deemed to beneficially own the Foundation's shares as its director. The Filing disclaims ownership beyond directly held shares. By stating intent to back directors committed to maximizing value, the Reporting Persons place visible pressure on the board during an ongoing strategic review. Disclosure of open-market transactions (referenced Exhibit 2) and funding sources (personal and working capital, possibly margin) provide transparency on how the positions were accumulated.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 3)

Identiv, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

45170X205

(CUSIP Number)

BRADLEY L. RADOFF
2727 Kirby Drive, Unit 29L,
Houston, TX, 77098
713-482-2196

RYAN NEBEL
OLSHAN FROME WOLOSKY LLP, 1325 Avenue of the Americas
New York, NY, 10019
212-451-2300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/26/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 45170X205

1

Name of reporting person

Radoff Family Foundation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

TEXAS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 297,345.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 297,345.00

11

Aggregate amount beneficially owned by each reporting person

297,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

1.3 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

CUSIP No. 45170X205

1

Name of reporting person

Radoff Bradley Louis

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,025,000.00
8	Shared Voting Power 297,345.00
9	Sole Dispositive Power 2,025,000.00
10	Shared Dispositive Power 297,345.00

11

Aggregate amount beneficially owned by each reporting person

2,322,345.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.8 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value per share
(b)	Name of Issuer: Identiv, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1900-B CARNEGIE AVE., SANTA ANA, CALIFORNIA , 92705.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 is hereby amended and restated to read as follows: The Shares purchased by the Radoff Foundation were purchased with working capital (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 297,345 Shares directly owned by the Radoff Foundation is approximately $1,050,382, including brokerage commissions. The Shares directly owned by Mr. Radoff were purchased with personal funds (which may, at any given time, include margin loans made by brokerage firms in the ordinary course of business). The aggregate purchase price of the 2,025,000 Shares directly owned by Mr. Radoff is approximately $6,939,268, including brokerage commissions.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended to add the following: The Reporting Persons are encouraged that the Issuer recently confirmed that it is working with a financial advisor to evaluate strategic alternatives. Although the Reporting Persons believe that the Issuer represents an attractive opportunity, it lacks the economies of scale to fully capitalize upon such opportunity. Accordingly, the Reporting Persons believe that the Issuer is better suited in private hands and should no longer remain a standalone public company. The Reporting Persons intend to only support directors that the Reporting Persons believe are committed to maximizing value for stockholders.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) is hereby amended and restated to read as follows: The aggregate percentage of Shares reported owned by each person named herein is based on 23,721,826 Shares outstanding as of August 4, 2025, which is the total number of Shares outstanding as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2025. As of the date hereof, the Radoff Foundation directly beneficially owned 297,345 Shares, constituting approximately 1.3% of the Shares outstanding. As of the date hereof, Mr. Radoff directly beneficially owned 2,025,000 Shares, constituting approximately 8.5% of the Shares outstanding. Mr. Radoff, as a director of the Radoff Foundation, may be deemed to beneficially own the 297,345 Shares beneficially owned by the Radoff Foundation, which, together with the Shares he directly beneficially owns, constitutes an aggregate of 2,322,345 Shares, constituting approximately 9.8% of the Shares outstanding. The filing of this Schedule 13D shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Exchange Act, the beneficial owners of any securities of the Issuer that he or it does not directly own. Each Reporting Person disclaims beneficial ownership of the Shares that he or it does not directly own.
(c)	Item 5(c) is hereby amended and restated to read as follows: The transactions in securities of the Issuer by the Reporting Persons since the filing of Amendment No. 2 to the Schedule 13D are set forth in Exhibit 2 and are incorporated herein by reference. All of such transactions were effected in the open market unless otherwise noted therein.
Item 7.	Material to be Filed as Exhibits.
	Item 7 is hereby amended to add the following exhibit: 2 - Transactions in Securities.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Radoff Family Foundation

Signature:	/s/ Bradley L. Radoff
Name/Title:	Bradley L. Radoff, Director
Date:	08/27/2025

Radoff Bradley Louis

Signature:	/s/ Bradley L. Radoff
Name/Title:	Bradley L. Radoff
Date:	08/27/2025

FAQ

How many Identiv (INVE) shares do the Reporting Persons own?

They report directly owning 2,322,345 shares in aggregate, representing approximately 9.8% of 23,721,826 shares outstanding.

What amounts were paid for the Identiv shares reported?

The Radoff Foundation paid about $1,050,382 for 297,345 shares; Mr. Radoff paid about $6,939,268 for 2,025,000 shares, each including commissions.

What is the stated purpose of the Reporting Persons regarding Identiv's strategy?

They state they believe Identiv is better suited to be in private hands and intend to support directors they believe will maximize stockholder value.

On what share count are the percentage ownerships based?

Percentages are based on 23,721,826 shares outstanding as disclosed in the issuer's report dated August 4, 2025.

Were the purchases executed in the open market?

Yes; the filing states the transactions since Amendment No. 2 were effected in the open market, as set forth in Exhibit 2.