Form 4: Invivyd Director Sells Shares in Multiple Transactions

Terrance McGuire, a director at Invivyd, Inc., sold a total of 485,400 shares of common stock across three days in December 2024.

Summary

• Terrance McGuire, a director of Invivyd, Inc., has sold a total of 485,400 shares of the company's common stock.
• The sales occurred over three days: December 9th, 10th, and 11th, 2024.
• On December 9th, 150,000 shares were sold at a weighted average price of $0.6104 per share.
• On December 10th, 175,000 shares were sold at a weighted average price of $0.5886 per share.
• On December 11th, 160,400 shares were sold at a weighted average price of $0.5911 per share.
• The shares were sold in multiple transactions at varying prices within the ranges specified in the footnotes.
• Following these transactions, McGuire's indirectly held shares decreased to 4,202,679, excluding other indirect holdings.
• McGuire's holdings are primarily through various Polaris Partners entities, where he may have shared voting, investment, and dispositive power.

Sentiment

Score: 4

Explanation: The document details a significant sale of shares by a director, which is generally viewed negatively by the market. While not inherently bad, it can create uncertainty and potentially lower investor confidence.

Negatives

• The director's sale of a significant number of shares could be interpreted negatively by the market.

Risks

• The sale of shares by a director could potentially signal a lack of confidence in the company's future performance.
• The market may react negatively to the director's selling activity, potentially leading to a decrease in the stock price.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. The activity is not unusual, but the market may react to the volume of shares sold.

Comparison to Industry Standards

• Insider trading activity is a common occurrence in publicly traded companies, and the reporting of these transactions is mandated by the SEC.
• The volume of shares sold by Terrance McGuire is significant, but not unusual for a director with substantial holdings.
• Comparable companies often see similar insider trading activity, with the impact on stock price varying based on market sentiment and company performance.

Stakeholder Impact

• Shareholders may react negatively to the director's sale of shares, potentially leading to a decrease in the stock price.
• The sale could impact investor confidence in the company's future prospects.

Key Dates

Keywords

Invivyd, Terrance McGuire, stock sale, director, insider trading, Polaris Partners, common stock, share transaction