Invivyd (IVVD) CCO’s 40,780-share stock sale runs under 10b5-1 plan
Rhea-AI Filing Summary
Invivyd, Inc. (IVVD) reported that Chief Commercial Officer Timothy Edward Lee converted 102,000 restricted stock units into common stock on August 15, 2026, then sold a total of 40,780 common shares in two transactions on August 17–18, 2026. The sales were described as non-discretionary sell-to-cover trades to satisfy tax withholding obligations upon RSU vesting, executed under a Rule 10b5-1 trading plan adopted on February 20, 2025. Reported sale prices are weighted averages across multiple trades within disclosed price ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Lee Timothy Edward
Role
Chief Commercial Officer
Sold
40,780 shs ($32K)
Approx. gross sale proceeds
$32K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2, F4 | 18,425 | $0.8429 | $16K |
| Sale | Common Stock F2, F3 | 22,355 | $0.722 | $16K |
| Exercise | Restricted Stock Units F1, F5 | 102,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 102,000 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 178,937 shares (Direct)
Footnotes (5)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Invivyd, Inc. (the "Company").
- F2. The sales reported on this Form 4 represent shares sold to satisfy the Reporting Person's tax withholding obligations upon vesting of an RSU award in non-discretionary "sell-to-cover" transactions pursuant to a Rule 10b5-1 plan adopted by the Reporting Person on February 20, 2025.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.682 to $0.830, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.760 to $0.872, inclusive. The Reporting Person undertakes to provide to the Company, any security holder of the Company, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (4) to this Form 4.
- F5. This RSU award vests over an eighteen-month period, with one-third of the RSUs vesting every six months following the grant date of February 15, 2025, subject to the Reporting Person's continuous service as of each vesting date.
Key Figures
Shares sold 2026-08-17: 22,355 shares at $0.7220 per share
Shares sold 2026-08-18: 18,425 shares at $0.8429 per share
Total shares sold: 40,780 shares
+5 more
8 metrics
Shares sold 2026-08-17
22,355 shares at $0.7220 per share
Open-market or private sale of common stock on August 17, 2026
Shares sold 2026-08-18
18,425 shares at $0.8429 per share
Open-market or private sale of common stock on August 18, 2026
Total shares sold
40,780 shares
Aggregate common shares sold across reported sale transactions
RSUs converted
102,000 units
Restricted stock units converted into common stock on August 15, 2026
RSU vesting schedule
18 months; one-third every 6 months
Vesting terms starting from the February 15, 2025 grant date
Rule 10b5-1 plan adoption date
February 20, 2025
Date the reporting person adopted the trading plan used for sell-to-cover transactions
Price range 2026-08-17
$0.682 to $0.830 per share
Range of prices for multiple transactions included in the August 17 weighted average
Price range 2026-08-18
$0.760 to $0.872 per share
Range of prices for multiple transactions included in the August 18 weighted average
Key Terms
restricted stock unit ("RSU"), sell-to-cover, Rule 10b5-1 plan, weighted average price
4 terms
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
sell-to-cover financial
"shares sold to satisfy the Reporting Person's tax withholding obligations upon vesting"
Sell-to-cover is when part of newly issued or exercised company stock is immediately sold to pay required taxes and fees, so the recipient keeps the remaining shares. For investors this matters because it reduces the number of shares insiders or employees actually hold after a grant, can create small, routine share sales that aren’t signal of cashing out, and slightly increases share supply on the market—like selling a portion of a paycheck to cover the tax bill.
Rule 10b5-1 plan regulatory
"non-discretionary "sell-to-cover" transactions pursuant to a Rule 10b5-1 plan adopted"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
FAQ
What insider transactions did IVVD report for Timothy Edward Lee in this Form 4?
Invivyd’s Chief Commercial Officer reported converting 102,000 RSUs into common stock on August 15, 2026, then selling 40,780 shares in two transactions on August 17–18, 2026, primarily to cover tax withholding obligations.
Were the IVVD insider sales by Timothy Edward Lee part of a Rule 10b5-1 plan?
Yes. The filing states that the sell-to-cover transactions were executed under a Rule 10b5-1 plan adopted by Timothy Edward Lee on February 20, 2025, indicating they were pre-arranged rather than discretionary trades.
What are the vesting terms of the 102,000 Invivyd (IVVD) RSUs reported in this Form 4?
Each of the 102,000 RSUs represents one share of IVVD common stock. The award vests over 18 months, with one-third vesting every six months after the February 15, 2025 grant date, subject to continued service.
How are the sale prices in the IVVD Form 4 characterized?
For each sale date, the filing reports a weighted average price. On August 17, trades ranged from $0.682–$0.830, and on August 18 from $0.760–$0.872, with the insider offering to provide detailed breakdowns on request.
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