Form 4: InnovAge Holding Corp. Executive Sells Shares Under 10b5-1 Plan

Nicole D'Amato, Chief Legal Officer of InnovAge Holding Corp., sold 1,660 shares of common stock at an average price of $6.54 on November 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On November 6, 2024, Nicole D'Amato, the Chief Legal Officer of InnovAge Holding Corp., sold 1,660 shares of the company's common stock.
• The sale was executed at a weighted average price of $6.54 per share.
• The shares were sold in multiple transactions with prices ranging from $6.50 to $6.66.
• The transaction was conducted under a Rule 10b5-1 trading plan adopted on June 13, 2024.
• Following the transaction, D'Amato directly owns 231,614 shares of InnovAge Holding Corp.
• The reporting person had no discretion with regard to the timing of the transaction.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it is a standard disclosure of an insider transaction under a pre-existing trading plan. There is no indication of positive or negative implications for the company.

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.

Key Dates