InnovAge Holding Corp.·4

Jun 8, 6:06 PM ET

DAMATO NICOLE 4

Research Summary

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Updated

InnovAge (INNV) CLO Nicole Damato Withholds Shares for Taxes

What Happened

  • Nicole Damato, Chief Legal Officer of InnovAge Holding Corp. (INNV), had a total of 23,064 shares withheld to satisfy tax obligations in connection with the vesting/settlement of restricted stock units (RSUs).
  • Transactions: 15,046 shares withheld at $7.20 on 2026-06-04 (value $108,331) and 8,018 shares withheld at $7.30 on 2026-06-06 (value $58,531). Combined value ≈ $166,862.
  • These were tax-withholding dispositions (not open-market sales) and are routine when RSUs vest.

Key Details

  • Transaction dates/prices: 2026-06-04 — 15,046 shares @ $7.20; 2026-06-06 — 8,018 shares @ $7.30.
  • Shares owned after transaction: not specified in the provided filing data.
  • Footnote: F1 — shares were withheld to satisfy the Reporting Person’s tax obligations on vesting/settlement of RSUs (cashless withholding).
  • Filing: Form 4 filed 2026-06-08. The filing does not indicate a late report.

Context

  • This is a tax-withholding event related to RSU vesting (a common, administrative disposition). It differs from an open-market sale because shares are retained by the company/broker to cover taxes rather than being sold by the insider into the market.
  • Such withholding transactions are routine and do not necessarily signal the insider’s view on the company’s stock price. Purchases or open-market sales typically carry more informational weight for investors.