Invivyd (IVVD) CEO Elia Marc Receives 10.7M-Share Award

What Happened

• Elia Marc, CEO of Invivyd, received a compensatory derivative award on August 30, 2026 covering 10,700,000 shares. The Form 4 reports an acquisition at $0.00 (no cash purchase recorded); the award is a stock-option/derivative grant rather than an open‑market buy or sale.

Key Details

• Transaction date: 2026-08-30; Form 4 filed 2026-09-01 (within the normal Form 4 reporting window).
• Reported terms: 10,700,000 shares, acquisition price $0.00, transaction code "A" (award/grant).
• Vesting: 25% vests on the first anniversary (Aug 30, 2027); remaining 75% vests over the next 3 years in substantially equal monthly installments (1/48th per month), subject to continuous service (see footnote).
• Shares owned after transaction: Not disclosed in the filing.
• Filing contains Exhibit 24.1 (Power of Attorney).

Context

• This was a compensatory grant (derivative award) to the CEO that vests over time; no shares were reported as sold or immediately disposed of. Such grants are routine for executive compensation and do not by themselves indicate immediate buying or selling in the open market.