Lee Timothy Edward 4
4 · Invivyd, Inc. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
Invivyd (IVVD) CCO Lee Timothy Edward Sells Shares
What Happened
- Lee Timothy Edward, Chief Commercial Officer of Invivyd, converted 99,000 restricted stock units (RSUs) into common shares on 2026-02-15 and had 99,000 shares disposed at $0 (consistent with shares withheld for tax withholding). He also executed open-market sales of 19,663 shares on 2026-02-17 for $1.54 (weighted avg) totaling $30,273, and 20,964 shares on 2026-02-18 for $1.58 (weighted avg) totaling $33,077 — combined open-market proceeds of $63,350. These transactions are routine sell-to-cover tax-withholding events rather than discretionary sales indicating investment intent.
Key Details
- Dates: RSU conversion 2026-02-15; open-market sales 2026-02-17 and 2026-02-18.
- RSU conversion: 99,000 shares converted (reported as derivative exercise/conversion, code M); 99,000 shares disposed at $0 (tax withholding).
- Open-market sales: 19,663 shares @ weighted avg $1.54 (price range $1.505–$1.590) for $30,273; 20,964 shares @ weighted avg $1.58 (price range $1.550–$1.595) for $33,077. Total open-market proceeds = $63,350.
- Reported ownership note: filing states reported ownership includes 10,000 shares acquired via the Company’s Employee Stock Purchase Program (ESPP). The filing does not state a consolidated post-transaction total share count.
- Plan/footnotes: The sales were non-discretionary sell-to-cover transactions under a Rule 10b5‑1 plan adopted by the reporting person on Feb 20, 2025. The RSU award vests over 18 months (one‑third every six months from the Feb 15, 2025 grant date).
- Timeliness: No late filing is indicated in the Form 4.
Context
- The M-code activity reflects conversion/settlement of RSUs into common stock. The simultaneous $0 disposal of 99,000 shares is consistent with shares being withheld to satisfy tax withholding obligations on vesting (a common, administrative action).
- The open-market sales were executed under an existing 10b5‑1 plan as sell-to-cover transactions and should be viewed as routine tax-related sales rather than a signal of the officer’s view on the company’s prospects.
Insider Transaction Report
Form 4
Invivyd, Inc.IVVD
Lee Timothy Edward
Chief Commercial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-02-15+99,000→ 158,344 total - Sale
Common Stock
[F3][F4]2026-02-17$1.54/sh−19,663$30,273→ 138,681 total - Sale
Common Stock
[F3][F5]2026-02-18$1.58/sh−20,964$33,077→ 117,717 total - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-02-15−99,000→ 102,000 total→ Common Stock (99,000 underlying)
Footnotes (6)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Invivyd, Inc. (the "Company").
- [F2]The reported ownership includes 10,000 shares of common stock acquired through the Company's Employee Stock Purchase Program.
- [F3]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.
- [F4]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 (4) to this Form 4.
- [F5]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 (5) to this Form 4.
- [F6]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 attorney-in-fact for Timothy Edward Lee|2026-02-18