Otworth Michael 4

What Happened

• Michael Otworth, Executive Chairman and Director of Innventure, Inc. (INV), received equity awards on April 2, 2026: 121,228 restricted stock units (RSUs) reported as acquired at $0.00, and 85,795 stock options (derivative) granted at a $6.00 exercise price. The RSUs have an implied grant-date market value of roughly $562,500 based on the $4.64 closing price on the grant date. The options are premium-priced (exercise price $6.00 exceeds the $4.64 close), so they are out‑of‑the‑money at grant.

Key Details

• Transaction date: April 2, 2026; Filing date: April 6, 2026 (filing appears late relative to the April 2 transaction).
• RSUs: 121,228 shares granted; reported acquisition price $0.00; vest in three equal installments on Apr 2, 2027, 2028 and 2029, subject to continuous service. (Footnote F1)
• Stock options: 85,795 non‑qualified options granted; $6.00 exercise price; one‑third vests Apr 2, 2027, remainder vests in eight substantially equal installments every three months thereafter, subject to continued service. (Footnote F2)
• Shares owned after the transaction: not specified in the filing.
• Transaction code: A = Award/Grant; derivative instrument (options) noted.
• Timeliness: The Form 4 was filed four days after the grant date; late filing reduces immediate transparency and can be noted by the SEC.

Context

• These awards are compensation grants (not open‑market purchases or sales) and represent future economic upside only if vesting occurs and the stock appreciates above the exercise price for options.
• The options were granted at a price above the market close on the grant date, meaning they have no intrinsic value at grant (they are out‑of‑the‑money). There is no indication any options were exercised or shares sold.