Green Julie 4

What Happened
Julie Green, Chief Human Resources Officer of Invivyd (IVVD), had 99,000 restricted stock units (RSUs convert to common shares) vest on Feb 15, 2026 and those RSUs converted into 99,000 shares. She sold 19,663 shares on Feb 17, 2026 for $1.54 (≈ $30,273) and 20,964 shares on Feb 18, 2026 for $1.58 (≈ $33,077), for total proceeds of about $63,350. The sales were routine sell-to-cover transactions to satisfy tax withholding obligations.

Key Details

• Transaction dates: RSU conversion/vesting on 2026-02-15; sales on 2026-02-17 and 2026-02-18. Filing date: 2026-02-18 (covers period 2026-02-15).
• Sale prices/ranges: reported weighted averages $1.54 and $1.58; individual sale prices ranged 1.505–1.590 and 1.550–1.595 per footnotes.
• Shares sold: 40,627 total (19,663 + 20,964) for ≈ $63,350.
• RSU shares converted: 99,000 shares were converted/issued on vesting (per Form 4 derivative entries).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Notable footnotes: sales were non-discretionary "sell-to-cover" transactions under a Rule 10b5-1 plan adopted Feb 20, 2025 (F2); each RSU equals one share (F1); the RSU award vests over 18 months, one-third every 6 months from Feb 15, 2025 (F5).
• Filing timeliness: filed Feb 18 for Feb 15 transactions — appears timely under Form 4 rules.

Context

• These transactions reflect RSU vesting and routine sell-to-cover sales to meet tax withholding, not an independent open-market decision to liquidate additional holdings.
• The derivative/“M” entries show conversion of RSUs into common shares; portions were sold immediately under the pre-arranged plan.
• Such sell-to-cover sales are common after equity awards vest and are not a clear bullish or bearish signal by themselves.