Otworth Michael 4

What Happened Michael Otworth, Executive Chairman and Director of Innventure, had 218,577 shares withheld to satisfy tax withholding obligations related to vesting of restricted stock units. The shares were recorded at $2.80 each, representing a disposal value of $612,016. This transaction is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-26; reported on Form 4 filed 2026-03-02 (appears timely).
• Price: $2.80 per share; total value of shares withheld: $612,016.
• Shares withheld/disposed: 218,577.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: F1 — shares were withheld to cover tax withholding obligations in connection with vesting of restricted stock units.
• Transaction type: tax withholding/cashless net settlement (disposal), not a purchase (code F).

Context Withholding shares to cover taxes is a routine administrative step when restricted stock units vest; it reduces the insider's net shares but is distinct from an active open-market sale. Such transactions are generally not interpreted as a direct signal of the insider’s view on the company’s prospects.