Invivyd (NASDAQ: IVVD) CFO sells 40,780 shares to pay taxes
Rhea-AI Filing Summary
Invivyd, Inc. (IVVD) reported that its Chief Financial Officer, William E. Duke, converted 102,000 restricted stock units into an equal number of common shares on August 15, 2026, as part of a scheduled vesting. The underlying RSU award vests in thirds every six months over an eighteen‑month period from February 15, 2025. To cover tax withholding from this vesting, he then sold a total of 40,780 shares of common stock in open-market, non‑discretionary sell‑to‑cover transactions pursuant to a pre‑arranged Rule 10b5‑1 plan adopted on February 20, 2025, at weighted average prices of $0.722 (range $0.682–$0.830) on August 17 and $0.8429 (range $0.760–$0.872) on August 18.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Duke William E.
Role
Chief Financial 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 — 168,937 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
RSUs converted: 102,000 shares
Shares sold for taxes: 40,780 shares
Weighted average sale price (Aug 17): $0.722 per share
+3 more
6 metrics
RSUs converted
102,000 shares
Restricted stock units converted into common stock on August 15, 2026
Shares sold for taxes
40,780 shares
Total common shares sold in sell-to-cover transactions on August 17–18, 2026
Weighted average sale price (Aug 17)
$0.722 per share
22,355 shares sold at prices ranging from $0.682 to $0.830
Weighted average sale price (Aug 18)
$0.8429 per share
18,425 shares sold at prices ranging from $0.760 to $0.872
10b5-1 plan adoption date
February 20, 2025
Date the CFO adopted the Rule 10b5-1 trading plan used for these sales
RSU vesting period
18 months
RSU award vests one-third every six months from February 15, 2025
Key Terms
restricted stock unit, Rule 10b5-1 plan, sell-to-cover, weighted average price
4 terms
restricted stock unit financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 plan regulatory
"transactions pursuant to a Rule 10b5-1 plan adopted by the Reporting Person"
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.
sell-to-cover financial
"shares sold to satisfy the Reporting Person's tax withholding obligations upon vesting of an RSU award in non-discretionary "sell-to-cover" transactions"
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price. The shares were sold"
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 Invivyd (IVVD) report for CFO William E. Duke?
Invivyd reported that CFO William E. Duke converted 102,000 RSUs into common stock on August 15, 2026 and then sold 40,780 shares in sell-to-cover transactions on August 17 and 18, 2026 to satisfy tax withholding obligations.
Were the recent Invivyd (IVVD) insider sales made under a Rule 10b5-1 plan?
Yes. The filing states the sales were non-discretionary sell-to-cover transactions made under a Rule 10b5-1 plan adopted by the CFO on February 20, 2025, in connection with RSU vesting-related tax obligations.
What RSU vesting did Invivyd (IVVD) disclose for its CFO?
The CFO holds an RSU award of which 102,000 units vested on August 15, 2026. The award vests over 18 months, with one-third vesting every six months from the February 15, 2025 grant date, contingent on continued service.
What type of securities were involved in the Invivyd (IVVD) Form 4 filing?
The transactions involved restricted stock units that convert into common stock and the resulting Invivyd common shares. 102,000 RSUs were converted into common stock, and 40,780 of those shares were sold to cover taxes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
