InnovAge (INNV) 10% Holder WCAS XII Sells 10M Shares

What Happened

• Welsh, Carson, Anderson & Stowe XII, L.P. (a 10% owner / institutional holder) sold 10,000,000 shares of InnovAge Holding Corp. (INNV) on September 24, 2026. The Form 4 reports the transaction as a sale in an underwritten public offering; the Form 4 shows a price of $0.00 (see footnote — the actual offering price/proceeds are disclosed in the issuer’s registration statement/underwriting documents).

Key Details

• Transaction date: 2026-09-24; Form 4 filed: 2026-09-28 (filed within the two-business-day reporting window).
• Transaction type/code: Sale (S) — 10,000,000 shares disposed.
• Price/Proceeds: Form 4 lists $0.00 per share; footnote F1 states the shares were sold in an underwritten public offering (offering price/proceeds reported in the issuer’s S‑3 registration statement, not the Form 4).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Ownership/control notes: Footnotes F2–F4 describe a complex WCAS/TCO ownership and control structure and disclaimers — several WCAS-related entities and individuals may have limited or indirect pecuniary interests but disclaim beneficial ownership of the shares held of record by TCO Group Holdings, L.P., except to the extent of any pecuniary interest.

Context

• This is an institutional holder selling shares via an underwritten public offering — not an individual executive/director trade. Such institutional sales can be part of financing or portfolio management and do not, by themselves, signal insider views about the company’s near-term prospects.