InnovAge (INNV) 10% Owner TCO Group Distributes 411,515 Shares

What Happened

• TCO Group Holdings, L.P., a reported 10% owner of InnovAge Holding Corp. (INNV), recorded a disposition on 2026-09-03 of 411,515 shares of INNV. The transaction is reported with $0 consideration (i.e., no cash proceeds), and is coded as an "other acquisition or disposition (J)" on the Form 4. The Form 4 was filed on 2026-09-08.

Key Details

• Transaction date: 2026-09-03; Form 4 filed: 2026-09-08.
• Shares disposed: 411,515; Price/consideration: $0; Reported sale value: $0.
• Shares owned after the transaction: not specified in the provided filing summary.
• Footnote F1: The $0 disposition reflects a distribution to a limited partner as consideration for its interest in the reporting person.
• Footnote F2: Voting and dispositive power over the shares held by TCO Group Holdings, L.P. is exercised by an LP Board (committee of limited partners) composed of WCAS and Apax designees; decisions require a majority including at least one designee from each group.
• Filing timeliness: The Form 4 was filed five days after the reported transaction date — later than the typical two-business-day deadline for Section 16 reporting.

Context

• This was not an open-market sale for cash; it was a distribution to a limited partner, which is an internal, institutional allocation rather than an individual insider selling into the market. Distributions and transfers like this do not necessarily indicate a change in market sentiment by management or typical insider buying/selling behavior.