Andersen Jill 4

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.