InnovAge Holding Corp: 10% owner WCAS XII sold 1,500,000 shares

What happened

• Welsh, Carson, Anderson & Stowe XII, L.P. (a 10% owner) reported a sale of 1,500,000 shares of InnovAge Holding Corp common stock at $9.25 per share on Oct 21, 2026, totaling $13,875,000.
• Footnote in the filing says TCO Group Holdings, L.P. sold the 1,500,000 shares in connection with the underwriters' exercise of their over-allotment option for the issuer's underwritten public offering.

Key details

• Transaction date and price: Oct 21, 2026, sale at $9.25 per share (code S = Sale).
• Total value reported: $13,875,000.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 describes the sale by TCO Group Holdings, L.P. under an over-allotment option; F2–F4 describe the ownership and control relationships among WCAS entities and individuals and disclaimers of beneficial ownership except for pecuniary interest.
• Filing date: Oct 23, 2026 (period of report Oct 21, 2026).

Why it may matter

• The filer is a 10% owner, i.e., a large holder rather than an executive.
• The sale was made in connection with an underwriters' over-allotment option tied to a public offering (per F1), not described as a gift or option exercise.
• The filing does not show why the insider traded or why the company acted.