HENNESSY DANIEL J 4
Research Summary
AI-generated summary
Innventure (INV) Director Daniel Hennessy Sells 582,139 Shares
What Happened
Daniel J. Hennessy, a director of Innventure, Inc. (INV), sold 582,139 shares on April 20, 2026 in open-market transactions, generating total proceeds of approximately $3,213,407. The reported weighted-average price was $5.52 per share; individual sale prices ranged from $5.00 to $5.85.
Key Details
- Transaction type: Sale (open market) — code S.
- Date of sale: April 20, 2026; Form 4 filed April 22, 2026 (timely filing).
- Shares sold: 582,139; weighted-average price: $5.52; proceeds: ~$3.21 million.
- Price range: $5.00 to $5.85 across multiple transactions (weighted average reported).
- Ownership after transaction: Not specified in the provided filing.
- Notable footnotes: Transaction made pursuant to a Rule 10b5-1 trading plan adopted June 20, 2025 (F1). The reporting person can provide a breakdown of shares sold at each price within the stated range upon request (F2).
Context
This was a sale under a pre-established Rule 10b5-1 plan, which is commonly used by insiders to execute trades on a set schedule and does not by itself indicate current sentiment about the company. Sales are often routine; purchases typically carry more immediate interpretive weight for investors.