InMed (INM) — Vivo Opportunity (10% Owner) Buys Stock

What Happened
Vivo Opportunity, LLC (reported as a 10% owner) made multiple open‑market purchases of InMed Pharmaceuticals (INM) common stock between 2026-05-20 and 2026-06-08. The filing reports a total acquisition of 249,227 shares for aggregate consideration of approximately $391,554 (weighted average price ≈ $1.57 per share). All reported transactions are purchases (transaction code P), which are often viewed as a positive/accumulation signal, though this is an institutional investment, not an executive trade.

Key Details

• Transaction dates: 2026-05-20 through 2026-06-08 (filed on 2026-06-10). No late‑filing flag is indicated in the provided data.
• Per‑line examples: 51,056 shares @ $1.56 ($79,647); 30,882 @ $1.69 ($52,191); 49,966 @ $1.57 ($78,447); several other purchases at similar prices.
• Total: 249,227 shares purchased for ~$391,554; weighted average ≈ $1.57/share.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnotes:
  • F1/F2: Vivo Opportunity, LLC (and related entities) are reported as general partners/record holders and disclaim beneficial ownership except to the extent of pecuniary interest. This indicates institutional ownership structure rather than direct executive ownership.
  • Several footnotes (e.g., F10, F11 and others) state the reported prices are weighted averages and purchases were made at multiple prices within ranges (overall ranges in the filing span roughly $1.48–$1.70). The reporting person offers to provide a breakdown of individual trade prices on request.

Context

• These are open‑market purchases by a 10% owner (an institutional investor), which can signal buying interest but do not carry the same insider implication as executive buys/sells.
• All transactions are simple purchases (no option exercises, awards, gifts, or tax‑withholding events reported).
• If you track insider activity, note the total size (~$392K) and the multi‑day accumulation pattern rather than a single block trade.