Form 4: Versant-Affiliated Entities Dispose of 2.9M LAVA Therapeutics Shares
Rhea-AI Filing Summary
Versant-affiliated entities reported insider sales of LAVA Therapeutics (LVTX) common stock on 09/19/2025. The filing shows a total of 2,903,403 shares sold in two reported transactions: 2,370,533 shares (direct) and 532,870 shares (indirect) at a weighted average price of $1.4014 per share. Following these sales, the reporting person(s) report 0 shares beneficially owned for the directly held position. The sellers are investment entities affiliated with Versant (Versant Venture Capital VI, L.P.; Versant Vantage I, L.P.; and related GP entities). The form is signed by Max Eisenberg, Chief Operating Officer, on behalf of the reporting entities.
Positive
- None.
Negative
- Large insider dispositions: 2,903,403 total shares sold (2,370,533 direct; 532,870 indirect) at a weighted average price of $1.4014 on 09/19/2025
- Reported direct position reduced to zero: The filing shows 0 shares beneficially owned following the reported direct transaction
Insights
Large institutional disposition reported; total 2.90M shares sold at ~$1.40 on 09/19/2025.
The Form 4 discloses coordinated sales by Versant-affiliated private funds and related GP entities. Sales are recorded as one direct disposition of 2,370,533 shares and one indirect disposition of 532,870 shares, using a weighted average price of $1.4014. The filing indicates the reporting entities collectively no longer hold the directly reported position post-transaction. This is a routine Section 16 disclosure of insider changes in beneficial ownership rather than commentary on company operations.
Formal disclosure completed by fund general partners; signatures executed by authorized officer.
The document lists the chain of fund and GP entities and contains the required explanatory footnotes describing indirect ownership via general partner structures. Signatures from Max Eisenberg appear for each reporting entity, indicating proper execution. The filing provides the weighted average transaction price and offers to furnish breakdowns on request, fulfilling common disclosure practices for multiple-price sales.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,370,533 | $1.4014 | $3.32M |
| Sale | Common Stock | 532,870 | $1.4014 | $747K |
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $1.40 to $1.49, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the ranges set forth in this footnote (1) to this Form 4. These shares are held by Versant Venture Capital VI, L.P. ("VVC VI"). Versant Ventures VI GP-GP, LLC ("VV VI GP") is the sole general partner of Versant Ventures VI GP, L.P. ("VV VI") and VV VI is the sole general partner of VVC VI. Each of VV VI GP and VV VI may be deemed to share voting, investment and dispositive power over the shares held by VVC VI and disclaim beneficial ownership of such shares, except to the extent of their respective pecuniary interests therein. These shares are held by Versant Vantage I, L.P. ("VV I"). Versant Vantage I GP-GP, LLC ("VV I GP-GP") is the sole general partner of Versant Vantage I GP, L.P. ("VV I GP") and VV I GP is the sole general partner of VV I. Each of VV I GP-GP and VV I GP may be deemed to share voting, investment and dispositive power over the shares held by VV I and disclaim beneficial ownership of such shares, except to the extent of their respective pecuniary interests therein.