INNOVEX CO-INVEST FUND, L.P. 4

What Happened

• Innovex Co-Invest Fund, L.P. (reported as a 10% owner) sold a total of 6,612,500 shares of Innovex International, Inc. on February 27, 2026. The transactions were reported as sales at $24.59 per share, generating aggregate proceeds of approximately $162.61 million. Footnotes state these shares were sold in an underwritten secondary offering (public offering price $25.75), with the fund receiving $24.59125 per share after underwriting discounts.

Key Details

• Transaction date: 2026-02-27. Report filed 2026-02-27 (no late filing indicated in the provided excerpt).
• Reported sale price: $24.59 per share (footnote: public offering price $25.75; net to seller $24.59125).
• Shares sold (line items): 4,902,244; 1,144,635; 271,279; 234,009; 116; 60,217 — total 6,612,500 shares.
• Total proceeds (approx.): $162,609,972 (~$162.6M).
• Shares owned after the transactions: not specified in the provided excerpt.
• Notable footnotes: F3 indicates the sales were part of an underwritten secondary offering; F7–F9 explain the general partner/control structure of related funds; F10 notes a managing partner’s disclaimer of beneficial ownership beyond pecuniary interest. This Form 4 is the second of two filings split due to the SEC EDGAR limit on reporting persons; the first was filed by Amberjack Capital Partners, L.P.

Context

• This was an institutional sale by a 10% owner in an underwritten secondary offering — typically a liquidity event for investors rather than a routine open-market insider sale by an executive. The filing and footnotes describe fund and general-partner relationships (Amberjack-affiliated funds) but do not indicate executive-level trading intent. Retail investors should view this as institutional selling tied to a secondary offering, not necessarily a company-specific red flag on its own.