Form 4: InnovAge CEO Patrick Blair Disposes of Shares for Tax Obligations

InnovAge Holding Corp. CEO Patrick T. Blair disposed of 3,323 shares of common stock valued at $4.09 per share to cover tax obligations related to the vesting of restricted stock units.

Summary

• Patrick T. Blair, the Chief Executive Officer of InnovAge Holding Corp. (INNV), reported a transaction on June 1, 2025.
• The transaction involved the disposition of 3,323 shares of InnovAge Common Stock, $0.001 par value.
• These shares were withheld to satisfy the reporting person's tax obligations in connection with the vesting and settlement of restricted stock units.
• The shares were valued at $4.09 per share for the purpose of tax withholding.
• Following this transaction, Mr. Blair beneficially owns 603,851 shares of InnovAge Common Stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction related to tax obligations from RSU vesting, which is a standard part of executive compensation.

Positives

• The transaction indicates the vesting of restricted stock units (RSUs), which is a form of equity compensation for the CEO, reflecting continued alignment of management's interests with shareholders.

Negatives

• The disposition of shares, while for tax purposes, reduces the CEO's direct ownership slightly, though this is a common and expected practice for RSU vesting.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide information relevant to broader industry trends or competitive landscape. It reflects standard equity compensation practices for executives.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related transaction and not a discretionary sale. It confirms the vesting of executive equity compensation.
• Employees: No direct impact mentioned.

Key Dates

Keywords

InnovAge Holding Corp., INNV, Patrick T. Blair, CEO, Form 4, Insider Transaction, Restricted Stock Units, Tax Withholding, Equity Compensation