|4Feb 18, 8:47 PM ET

Andersen Jill 4

4 · Invivyd, Inc. · Filed Feb 18, 2026

Research Summary

AI-generated summary of this filing

Updated

Invivyd (IVVD) CLO Jill Andersen Converts RSUs, Sells Shares

What Happened

  • Jill Andersen, Chief Legal Officer and Secretary of Invivyd, converted 165,000 restricted stock units (RSUs) into 165,000 shares on Feb 15, 2026. Following the vesting/conversion, she sold a total of 67,710 shares in open-market "sell-to-cover" transactions (32,771 shares at a $1.54 weighted-average on Feb 17 and 34,939 shares at a $1.58 weighted-average on Feb 18) for aggregate proceeds of approximately $105,581. The filings also show a derivative disposition of 165,000 shares at $0, reflecting the RSU settlement mechanics.

Key Details

  • Transaction dates and prices:
    • Feb 15, 2026: 165,000 RSUs converted into 165,000 shares (vesting event).
    • Feb 17, 2026: Sold 32,771 shares at a $1.54 weighted-average (individual sale prices ranged $1.505–$1.590).
    • Feb 18, 2026: Sold 34,939 shares at a $1.58 weighted-average (individual sale prices ranged $1.550–$1.595).
  • Total shares sold: 67,710; total proceeds ≈ $105,581.
  • Shares owned after the transactions: not disclosed on the Form 4.
  • Notable footnotes: RSUs convert to one common share each (F1); this RSU award vests over 18 months with one-third vesting every six months from grant date Feb 15, 2025 (F5); the sales were non-discretionary sell-to-cover transactions under a Rule 10b5-1 plan adopted Feb 20, 2025 (F2). Weighted-average price disclosures and ranges are provided (F3, F4).
  • Filing: Form 4 filed Feb 18, 2026 (covering the Feb 15 vesting and subsequent sales). No late-filing notation appears on the Form 4.

Context

  • These entries reflect a routine RSU vesting and tax-withholding process: the RSUs converted to shares, and a portion of those shares were sold under a pre-existing 10b5-1 sell-to-cover plan to satisfy tax withholding. Such sell-to-cover transactions are standard administrative actions and do not, by themselves, indicate a change in insider sentiment.

Insider Transaction Report

Form 4
Period: 2026-02-15
Andersen Jill
Chief Legal Officer, Secretary
Transactions
  • Exercise/Conversion

    Common Stock

    [F1]
    2026-02-15+165,000249,446 total
  • Sale

    Common Stock

    [F2][F3]
    2026-02-17$1.54/sh32,771$50,454216,675 total
  • Sale

    Common Stock

    [F2][F4]
    2026-02-18$1.58/sh34,939$55,127181,736 total
  • Exercise/Conversion

    Restricted Stock Units

    [F1][F5]
    2026-02-15165,000170,000 total
    Common Stock (165,000 underlying)
Holdings
  • Common Stock

    (indirect: By Spouse)
    500
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 $1.505 to $1.590, 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 $1.550 to $1.595, 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.
Signature
/s/ Jill Andersen|2026-02-18

Documents

1 file
  • 4
    ownership.xmlPrimary

    4