Form 4: InnovAge Holding Corp. Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Nicole D'Amato, Chief Legal Officer of InnovAge Holding Corp., sold 7,486 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
Summary
- On July 2, 2024, Nicole D'Amato, Chief Legal Officer of InnovAge Holding Corp., disposed of 7,486 shares of common stock.
- The shares were sold at a price of $5.03 per share.
- This transaction was executed to satisfy the reporting person's tax obligations in connection with the vesting and settlement of restricted stock units.
- Following the transaction, D'Amato directly owns 259,470 shares of InnovAge Holding Corp.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a sale of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant impact as it is for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/02/2024 | Date of transaction: Sale of common stock. |
| 07/03/2024 | Date of signature for the Form 4 filing. |
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