Form 4: InnovAge CEO Patrick Blair Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
InnovAge Holding Corp.'s CEO, Patrick Blair, disposed of 3,321 shares of common stock on June 1, 2024, to cover tax obligations related to the vesting of restricted stock units.
Summary
- On June 1, 2024, Patrick Blair, the President and CEO of InnovAge Holding Corp., disposed of 3,321 shares of common stock.
- The transaction was executed to satisfy tax obligations associated with the vesting and settlement of restricted stock units.
- The shares were disposed of at a price of $4.44 per share.
- Following the transaction, Blair directly owns 507,208 shares of InnovAge Holding Corp.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of stock transactions by an insider. The sale is for tax purposes, which is a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like CEOs, buy or sell their company's stock. These filings provide transparency into the transactions of those with access to non-public information.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of transaction: Patrick Blair disposed of shares. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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