SCHEDULE: WE-INN LLC Trims Innventure Stake to 11.67%

WE-INN LLC has reduced its beneficial ownership in Innventure, Inc. to 11.67% through recent open market sales, citing portfolio diversification and liquidity needs.

Summary

• WE-INN LLC, along with Gregory D. Wasson and Kimberly Wasson (collectively, the "Reporting Persons"), filed an Amendment No. 2 to their Schedule 13D regarding Innventure, Inc. Common Stock.
• The Reporting Persons now beneficially own 7,290,352 shares of Innventure, Inc. Common Stock.
• This represents approximately 11.67% of the 62,471,971 shares outstanding as of November 12, 2025, as reported in Innventure's Quarterly Report on Form 10-Q.
• The dispositions were made primarily for portfolio diversification and to provide liquidity to holders of interests in WE-INN LLC.
• The Reporting Persons explicitly state that these dispositions do not reflect a change in their belief that Innventure, Inc. is an attractive investment based on its business prospects and strategy.
• Recent open market sales by the Reporting Persons include:
• 98,167 shares on October 27, 2025, at a volume weighted average price of $2.97 per share.
• 149,708 shares on October 29, 2025, at a volume weighted average price of $2.92 per share.
• 263,782 shares on November 18, 2025, at a volume weighted average price of $3.61 per share.
• 235,765 shares on November 19, 2025, at a volume weighted average price of $3.34 per share.
• 302,211 shares on November 20, 2025, at a volume weighted average price of $3.51 per share.

Sentiment

Score: 4

Explanation: The sentiment is moderately negative due to significant insider selling by a major beneficial owner. Although the stated reasons are portfolio diversification and liquidity, and the Reporting Persons affirm their belief in the company's prospects, large sales can create downward pressure and signal caution to the market.

Positives

• The Reporting Persons explicitly state that the dispositions do not reflect a change in their belief that Innventure, Inc. represents an attractive investment based on its business prospects and strategy.

Negatives

• A significant beneficial owner, WE-INN LLC, has reduced its stake in Innventure, Inc. by selling over 1 million shares in open market transactions.
• The reduction in beneficial ownership from a previously higher, though unspecified, level could be perceived negatively by the market.

Future Outlook

The Reporting Persons continue to view Innventure, Inc. as an attractive investment based on its business prospects and strategy, despite the recent dispositions.

Management Comments

• "The dispositions described herein, and may in the future make additional dispositions, primarily for the purposes of diversifying their investment portfolio and providing liquidity to holders of interests in WE-INN LLC."
• "Such dispositions do not reflect a change in the Reporting Persons' previously reported belief that the Issuer represents an attractive investment based on the Issuer's business prospects and strategy."

Industry Context

NA

Stakeholder Impact

• Shareholders: Potential negative impact due to increased supply of shares from insider selling, which could put downward pressure on the stock price. May also signal a lack of confidence, despite the Reporting Persons' stated reasons.
• WE-INN LLC interest holders: Positive impact as the sales provide liquidity to them.

Next Steps

• The Reporting Persons may make additional dispositions of Innventure, Inc. Common Stock in the future.

Key Dates

Recommendation

While a major beneficial owner has significantly reduced their stake, they explicitly state it's for diversification and liquidity, not a change in their positive view of Innventure's business prospects. This creates a mixed signal. Investors should hold and monitor future insider activity and company performance, as the stated reasons for selling might be genuine, but the volume of sales warrants caution and could lead to short-term price volatility.

Keywords

Innventure Inc., WE-INN LLC, Schedule 13D/A, Beneficial Ownership, Insider Selling, Stock Sales, Portfolio Diversification, Liquidity, Common Stock