DAMATO NICOLE 4
Research Summary
AI-generated summary
INNV Chief Legal Officer Nicole Damato Withholds 19,401 Shares
What Happened Nicole Damato, Chief Legal Officer of InnovAge Holding Corp. (INNV), had 19,401 shares withheld on July 15, 2026 to satisfy tax obligations related to the vesting and settlement of restricted stock units. The withholding was recorded at $11.58 per share for a total value of $224,664. This was a tax-withholding event (code F), not an open-market sale or purchase.
Key Details
- Transaction date: 2026-07-15; Form 4 filed: 2026-07-17 (timely filing, within the 2-business-day window).
- Withheld shares: 19,401 at $11.58 per share; total value $224,664.
- Transaction code: F (shares withheld to cover tax liability).
- Footnote: F1 — shares were withheld to satisfy the Reporting Person's tax obligations in connection with the vesting and settlement of restricted stock units.
- Shares owned after transaction: not specified in the provided filing.
Context Tax withholding on vested RSUs is a routine administrative action and should not be read as a directional buy or sell signal by the insider. Unlike an open-market sale, withheld shares are retained by the company (or transferred to tax authorities) to cover taxes rather than being liquidated on the market.