Form 4: InnovAge Chief Legal Officer Reports Routine Stock Dispositions for Tax Obligations
Insider Transaction Report
InnovAge Holding Corp.'s Chief Legal Officer, Nicole D'Amato, reported the disposition of 23,102 shares of common stock in early June 2025, primarily to cover tax obligations related to restricted stock unit vesting.
Summary
- Nicole D'Amato, Chief Legal Officer of InnovAge Holding Corp. (INNV), filed a Form 4 detailing changes in her beneficial ownership.
- On June 4, 2025, Ms. D'Amato disposed of 15,046 shares of InnovAge Common Stock at a price of $3.96 per share.
- On June 6, 2025, an additional 8,056 shares of InnovAge Common Stock were disposed of at a price of $4.02 per share.
- These dispositions, totaling 23,102 shares, represent shares withheld to satisfy the reporting person's tax obligations in connection with the vesting and settlement of restricted stock units.
- Following these transactions, Ms. D'Amato beneficially owns 208,512 shares of InnovAge Common Stock.
Sentiment
Score: 5
Explanation: The filing reports routine stock dispositions by an insider to cover tax obligations upon vesting of restricted stock units, which is a standard and non-discretionary event, thus indicating a neutral sentiment regarding company performance or insider confidence.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.
Management Comments
- The filing explicitly states that the dispositions represent 'shares withheld to satisfy the Reporting Person's tax obligations in connection with the vesting and settlement of restricted stock units.'
Industry Context
Form 4 filings are standard regulatory disclosures for insider transactions. This specific filing, detailing a 'sell to cover' transaction for tax obligations, is a routine event and does not provide broader industry context or trends.
Stakeholder Impact
- The impact on shareholders is minimal as this is a routine, non-discretionary transaction by an insider to cover tax liabilities, rather than a sale based on a change in investment outlook.
Key Dates
| Date | Description |
|---|---|
| 06/04/2025 | Transaction date for the disposition of 15,046 shares of Common Stock. |
| 06/06/2025 | Transaction date for the disposition of 8,056 shares of Common Stock. |
| 06/09/2025 | Date the Form 4 was signed and filed. |
Keywords
InnovAge Holding Corp., INNV, Form 4, Insider Transaction, Stock Disposition, Restricted Stock Units, Tax Withholding, Nicole D'Amato, Chief Legal Officer, Beneficial Ownership
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