Invivyd grants CEO options on 10.7M shares
Marc Elia’s stock-option grant to buy 10.7M IVVD shares vests from Aug. 30, 2026, with 25% first then monthly over the next three years.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Invivyd, Inc. (IVVD) reported that Chief Executive Officer Marc Elia received a grant of stock options to purchase 10,700,000 shares of common stock. The options have an exercise price of $0.9645 per share and expire on August 29, 2036. The grant vests over four years, starting August 30, 2026, with 25% vesting on the first anniversary and the remaining 75% vesting in substantially equal monthly installments over the following three years, subject to continued service.
Insider Trade Summary
Grant/Award: 10,700,000 shares
Grant/Award
1 txn
Insider
Elia Marc
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) F1 | 10,700,000 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 10,700,000 contracts (Direct)
Footnotes (1)
- F1. This option vests over a four-year period, with 25% of the shares subject to the option vesting on the first anniversary of the grant date of August 30, 2026 and the remaining 75% of the shares subject to the option vesting over the subsequent three-year period in substantially equal monthly installments at a rate of 1/48th of the total shares subject to the option each month, subject to the Reporting Person's continuous service as of each vesting date.
Key Figures
Option shares granted: 10,700,000 shares
Exercise price: $0.9645 per share
Underlying common shares: 10,700,000 shares
+5 more
8 metrics
Option shares granted
10,700,000 shares
Stock Option (Right to Buy) granted to CEO Marc Elia on August 30, 2026
Exercise price
$0.9645 per share
Conversion or exercise price of the stock option
Underlying common shares
10,700,000 shares
Underlying Invivyd common stock for the option
Total option holdings after grant
10,700,000 options
Total derivative securities following this transaction
Vesting cliff portion
25% of option shares
Vests on first anniversary of August 30, 2026 grant date
Remaining vesting portion
75% of option shares
Vests in substantially equal monthly installments over the subsequent three years
Vesting installments
1/48th of total shares per month
Monthly vesting rate over four-year vesting schedule
Option expiration date
August 29, 2036
Expiration of the stock option grant
Key Terms
Stock Option (Right to Buy), exercise price, vesting, derivative security, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title: Stock Option (Right to Buy)"
exercise price financial
"conversion_or_exercise_price: 0.9645"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"This option vests over a four-year period, with 25% of the shares"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
derivative security financial
"transaction_type: derivative"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
expiration date financial
"expiration_date: 2036-08-29"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did IVVD disclose for Marc Elia?
Invivyd disclosed that CEO Marc Elia received a stock option grant for 10,700,000 shares of common stock, reported as an acquisition of derivative securities with no cash price paid for the grant itself.
What is the exercise price of Marc Elia’s new IVVD stock options?
The stock options granted to Marc Elia have an exercise price of $0.9645 per share, meaning he may purchase Invivyd common stock at that price upon exercise of vested options.
When do Marc Elia’s new IVVD stock options vest?
The options vest over four years: 25% of the shares vest on the first anniversary of the August 30, 2026 grant date, and the remaining 75% vest in substantially equal monthly installments over the next three years, subject to his continuous service.
When do Marc Elia’s new IVVD stock options expire?
The options granted to Marc Elia have an expiration date of August 29, 2036. Any unexercised portion of the option after that date will no longer be exercisable.
Was Marc Elia’s IVVD option grant under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked (aff_10b5_one is false), so the reported option grant is not described as being made pursuant to a Rule 10b5-1 trading plan.
What type of security did Marc Elia acquire in this IVVD filing?
Marc Elia acquired a Stock Option (Right to Buy), a derivative security giving him the right to purchase Invivyd common stock at a fixed exercise price, subject to the vesting schedule and expiration date stated in the grant.
AI-generated analysis. How Rhea-AI works. Not financial advice.
