Form 4: InnovAge President and COO Granted Significant Equity Stake

InnovAge Holding Corp.'s President and COO, Michael Anthony Scarbrough, was granted 119,617 Restricted Stock Units, increasing his direct beneficial ownership to 152,617 shares.

Summary

• Michael Anthony Scarbrough, President and COO of InnovAge Holding Corp. (INNV), acquired 119,617 shares of common stock on July 15, 2025.
• This acquisition represents a grant of Restricted Stock Units (RSUs) with a price of $0 per unit.
• The RSUs will be settled in shares of common stock and are scheduled to vest in three equal installments on the anniversary of the grant date, contingent upon Mr. Scarbrough's continued service with the Issuer.
• Following this transaction, Mr. Scarbrough's direct beneficial ownership in InnovAge Holding Corp. increased to 152,617 shares.

Sentiment

Score: 8

Explanation: The grant of a significant number of Restricted Stock Units to a key executive is a positive indicator of management alignment and commitment to the company's long-term success, reflecting confidence in future performance.

Positives

• The grant of 119,617 Restricted Stock Units to the President and COO significantly aligns management's interests with long-term shareholder value.
• The three-year vesting schedule encourages continued service and commitment from a key executive.
• Increased direct beneficial ownership by a senior executive signals confidence in the company's future performance.

Risks

• The value of the granted Restricted Stock Units is dependent on the future performance of InnovAge Holding Corp.'s common stock.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Positive impact due to enhanced alignment of executive incentives with long-term shareholder value.
• Employees: No direct impact mentioned for general employees.

Next Steps

• The granted Restricted Stock Units will vest in three equal installments on the anniversary of the grant date, subject to the Reporting Person's continued service with InnovAge Holding Corp.

Key Dates

Keywords

InnovAge Holding Corp., INNV, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU Grant, Executive Compensation, Beneficial Ownership, Michael Anthony Scarbrough