Form 4: Invivyd Director Terrance McGuire Sells Shares in Multiple Transactions

Invivyd director Terrance McGuire sold a total of 324,241 shares of common stock across three days, with prices ranging from $0.4281 to $0.5055.

Summary

• Terrance McGuire, a director at Invivyd, Inc., sold a total of 324,241 shares of common stock over three days.
• The sales occurred on December 17, 18, and 19, 2024.
• On December 17, 97,410 shares were sold at a weighted average price of $0.48, with individual prices ranging from $0.4500 to $0.5055.
• On December 18, 74,764 shares were sold at a weighted average price of $0.4693, with individual prices ranging from $0.4500 to $0.5024.
• On December 19, 152,067 shares were sold at a weighted average price of $0.4337, with individual prices ranging from $0.4281 to $0.4500.
• Following these transactions, McGuire's indirect beneficial ownership of Invivyd shares decreased, but he still holds a significant number of shares through various investment partnerships.

Sentiment

Score: 4

Explanation: The document details a director selling a significant number of shares, which is generally viewed negatively by the market. While not a catastrophic event, it does raise concerns about the director's confidence in the company's future.

Negatives

• A director selling a significant number of shares could be perceived negatively by the market.

Risks

• The sale of shares by a director could indicate a lack of confidence in the company's future performance.
• The market may react negatively to the director's share sales, potentially impacting the stock price.

Industry Context

Director share sales are a common occurrence, but they are closely watched by investors as they can signal a director's sentiment about the company's prospects. The impact of these sales on the stock price will depend on market conditions and investor perception.

Comparison to Industry Standards

• Director share sales are a normal part of corporate activity, and the volume of shares sold by Terrance McGuire is not unusual for a director of a publicly traded company.
• It is common for directors to hold shares through investment partnerships, as seen with McGuire's holdings through Polaris Partners.
• The weighted average prices at which the shares were sold are within the typical range for market transactions.

Stakeholder Impact

• Shareholders may react negatively to the director's share sales, potentially leading to a decrease in the stock price.
• The sales could impact investor confidence in the company.

Key Dates

Keywords

Invivyd, Terrance McGuire, share sales, director, Form 4, Polaris Partners, beneficial ownership, stock transaction