Form 4: Invivyd Director Terrance McGuire Sells 112,381 Shares at Average Price of $1.66

Terrance McGuire, a director of Invivyd, Inc., sold 112,381 shares of common stock at an average price of $1.6602 on May 29, 2024.

Summary

• On May 29, 2024, Terrance McGuire, a director of Invivyd, Inc., sold 112,381 shares of the company's common stock.
• The shares were sold at a weighted average price of $1.6602, with individual transaction prices ranging from $1.6500 to $1.7200.
• Following the transaction, McGuire indirectly owns 4,688,079 shares through Polaris Partners IX, L.P.
• He also indirectly owns shares through Polaris Venture Partners V, L.P. (3,120,194 shares), Polaris Venture Partners Entrepreneurs' Fund V, L.P. (60,814 shares), Polaris Venture Partners Founders' Fund V, L.P. (21,374 shares), Polaris Venture Partners Special Founders' Fund V, L.P. (31,198 shares), and Polaris Healthcare Technology Opportunities Fund, L.P. (497,660 shares).
• McGuire disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a stock sale by a director. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings provide transparency to the market regarding insider transactions.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, as it might suggest a lack of confidence in the company's future performance, although this is a common transaction.

Key Dates