Maverick Capital and related entities report a passive stake in Invivyd, Inc. (IVVD). As of December 31, 2025, Maverick Capital, Ltd., Maverick Capital Management, LLC, and Lee S. Ainslie III collectively report beneficial ownership of 18,970,913 shares of Invivyd common stock, representing 6.7% of the outstanding shares, based on 281,987,033 shares reported by the company. The shares are held in client accounts of Maverick-managed funds, and the filers certify that the holdings were not acquired to change or influence control of Invivyd.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
Invivyd, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value per share
(Title of Class of Securities)
00534A102
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
00534A102
1
Names of Reporting Persons
Maverick Capital, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,970,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,970,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,970,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
00534A102
1
Names of Reporting Persons
Maverick Capital Management, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,970,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,970,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,970,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
CUSIP No.
00534A102
1
Names of Reporting Persons
Lee S. Ainslie III
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
18,970,913.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
18,970,913.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,970,913.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Invivyd, Inc.
(b)
Address of issuer's principal executive offices:
209 Church Street, New Haven, CT 06510
Item 2.
(a)
Name of person filing:
This Schedule 13G (the "Schedule 13G") is being filed on behalf of each of the following persons (each, a "Reporting Person") with respect to shares of Common Stock, $0.0001 par value per share (the "Shares") of Invivyd, Inc. (the "Issuer"):
Maverick Capital, Ltd. ("Maverick");
Maverick Capital Management, LLC ("Maverick Capital Management"); and
Lee S. Ainslie III ("Mr. Ainslie").
This Schedule 13G relates to Shares held for the accounts of Maverick's clients.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of (i) Maverick and Maverick Capital Management is 1900 N. Pearl Street, 20th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie is 360 South Rosemary Ave., Suite 1440, West Palm Beach, Florida 33401.
(c)
Citizenship:
Maverick is a Texas limited partnership;
Maverick Capital Management is a Texas limited liability company; and
Mr. Ainslie is a United States citizen.
(d)
Title of class of securities:
Common Stock, $0.0001 par value per share
(e)
CUSIP No.:
00534A102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Ownership as of December 31, 2025 is incorporated by reference to items 5 - 9 and 11 of the cover page of each of the Reporting Persons. The ownership percentages are based on 281,987,033 outstanding Shares as of December 31, 2025, as reported by the Issuer in Exhibit 99.1 to its Current Report on Form 8-K filed with the Securities and Exchange Commission on January 8, 2026.
Maverick is the investment advisor of (i) Maverick Fund USA, Ltd, a Texas limited partnership, which holds 4,082,359 Shares, (ii) Maverick Fund II, Ltd., a Cayman exempt corporation, which holds 4,025,885 Shares, (iii) Maverick Long Enhanced Fund, Ltd, a Cayman exempt corporation, which holds 4,697,604 Shares, (iv) Maverick HP, L.P., a Delaware limited partnership, which holds 4,283,015 Shares, and (v) Maverick Long Fund, Ltd., a Cayman exempt corporation, which holds 1,882,050 Shares.
Maverick Capital, Ltd. is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the Shares which are the subject of this filing through the investment discretion it exercises over its clients' accounts. Maverick Capital Management, LLC is the General Partner of Maverick Capital, Ltd. Mr. Ainslie is the manager of Maverick Capital Management, LLC.
(b)
Percent of class:
The information set forth in item 11 of the cover pages to the Schedule 13G is incorporated herein by reference.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information set forth in item 5 of the cover pages to the Schedule 13G is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information set forth in item 6 of the cover pages to the Schedule 13G is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information set forth in item 7 of the cover pages to the Schedule 13G is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information set forth in item 8 of the cover pages to the Schedule 13G is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
Maverick Capital, Ltd.
Signature:
/s/ Trevor Wiessmann*
Name/Title:
By: Maverick Capital Management, LLC, its General Partner By: Lee S. Ainslie III, Manager
Date:
02/13/2026
Maverick Capital Management, LLC
Signature:
/s/ Trevor Wiessmann*
Name/Title:
Lee S. Ainslie III, Manager
Date:
02/13/2026
Lee S. Ainslie III
Signature:
/s/ Trevor Wiessmann*
Name/Title:
Lee S. Ainslie III
Date:
02/13/2026
Comments accompanying signature: *Under Power of Attorney, dated March 15, 2018
How many Invivyd (IVVD) shares does Maverick Capital report owning?
Maverick Capital and related entities report beneficial ownership of 18,970,913 Invivyd common shares. These shares are held in client accounts of several Maverick-managed funds, and the position is reported jointly by Maverick Capital, Maverick Capital Management, and Lee S. Ainslie III.
What percentage of Invivyd (IVVD) does Maverick Capital’s 13G/A filing represent?
The filing shows Maverick Capital and affiliates beneficially own 6.7% of Invivyd’s common stock. This percentage is calculated using 281,987,033 outstanding shares as of December 31, 2025, as reported by Invivyd in an accompanying company disclosure.
Is Maverick Capital’s Invivyd (IVVD) stake a control or passive investment?
The filing characterizes Maverick Capital’s Invivyd stake as passive. The signatories certify the securities were not acquired or held for the purpose of changing or influencing control of Invivyd, but instead are held in client accounts consistent with a non-control investment intent.
Who are the reporting persons in the Invivyd (IVVD) Schedule 13G/A?
The reporting persons are Maverick Capital, Ltd., Maverick Capital Management, LLC, and Lee S. Ainslie III. Maverick Capital is the investment adviser to multiple funds holding Invivyd shares, Maverick Capital Management is its general partner, and Ainslie is the manager of Maverick Capital Management.
How is Maverick Capital’s Invivyd (IVVD) ownership structured across its funds?
The filing notes Invivyd shares are held for clients of Maverick Capital, including funds such as Maverick Fund USA, Ltd., Maverick Fund II, Ltd., Maverick Long Enhanced Fund, Ltd., Maverick HP, L.P., and Maverick Long Fund, Ltd., each holding specific share amounts.
What reference share count does Maverick Capital use for its Invivyd (IVVD) ownership percentage?
Maverick Capital’s 6.7% ownership figure is based on 281,987,033 Invivyd shares outstanding as of December 31, 2025. This outstanding share count comes from Invivyd’s disclosure in Exhibit 99.1 to a Current Report on Form 8-K filed with the SEC.