Form 4: InnovAge Holding Corp. Chief Legal Officer Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Nicole D'Amato, Chief Legal Officer of InnovAge Holding Corp., sold a portion of her shares under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 16 and 17, 2024, Nicole D'Amato, the Chief Legal Officer of InnovAge Holding Corp., sold shares of common stock.
- The sales were executed under a Rule 10b5-1 trading plan adopted on June 13, 2024.
- On September 16, 2024, 4,372 shares were sold at a weighted average price of $5.95, with prices ranging from $5.83 to $5.99.
- On September 17, 2024, 7,521 shares were sold at a weighted average price of $6.00, with prices ranging from $5.83 to $6.13.
- Following these transactions, D'Amato directly owns 233,274 shares of InnovAge Holding Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports transactions.
Industry Context
This filing is a routine disclosure of insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of trading on inside information.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a 10b5-1 plan mitigates this concern.
Key Dates
| Date | Description |
|---|---|
| June 13, 2024 | Date the Reporting Person adopted the Rule 10b5-1 plan |
| September 16, 2024 | Date of first reported transaction: sale of 4,372 shares |
| September 17, 2024 | Date of second reported transaction: sale of 7,521 shares |
| September 18, 2024 | Date of Form 4 filing |
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