Innovex (INVX) 10% Owner Innovex Co‑Invest Fund Sells 4.95M Shares

What Happened

• Innovex Co‑Invest Fund, L.P. (a reported 10% owner) disposed of a total of 4,954,467 shares of Innovex International, Inc. (INVX) on 2026-08-10 at $28.71 per share in an underwritten secondary offering, generating about $142.24 million in gross proceeds. On the same date the fund acquired 45,533 shares for $1,307,252. Net shares sold = 4,908,934; net proceeds ≈ $140.94 million. These transactions were dispositions in a secondary offering (institutional liquidity), not a typical insider sell for personal trading.

Key Details

• Date and price: All reported transactions executed on 2026-08-10 at $28.71 per share.
• Shares sold: 3,706,801; 865,508; 205,126; 176,944; and 88 shares (total 4,954,467).
• Shares acquired: 45,533 shares at $28.71 (total $1,307,252).
• Reported gross sale proceeds: ~$142.24M; net of the buy = ~$140.94M.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes: Sales were shares held directly by the fund and sold in an underwritten secondary offering to the underwriter (Barclays Capital Inc.) at $28.71 per share (see footnotes F1–F4, F7–F9). The filing is part of a split Form 4 filing due to more than 10 reporting persons; the first Form 4 was filed by Amberjack Capital Partners, L.P.
• Timeliness: No late filing flag indicated in the provided details.

Context

• This was an institutional secondary offering sale by a 10% holder (fund-level liquidity), which is different from executive insider trades. Such sales typically reflect investor liquidity or fund-level allocation decisions rather than a company insider’s private view of the business.
• The small simultaneous repurchase (45.5k shares) is minimal compared with the sales and does not materially offset the disposals.