Lee Timothy Edward 4

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.