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

Invivyd director Terrance McGuire sold a total of 273,763 shares of common stock across three days in late December 2024, at weighted average prices ranging from $0.4455 to $0.5212.

Summary

• Terrance McGuire, a director at Invivyd, Inc., sold shares of the company's common stock in multiple transactions between December 27th and December 31st, 2024.
• On December 27th, 83,744 shares were sold at a weighted average price of $0.5212 per share.
• On December 30th, 86,545 shares were sold at a weighted average price of $0.4828 per share.
• On December 31st, 103,474 shares were sold at a weighted average price of $0.4455 per share.
• The sales were executed at varying prices within ranges, with the director agreeing to provide full details of the number of shares sold at each price upon request.
• Following these transactions, Mr. McGuire indirectly beneficially owns 3,066,757 shares through various investment partnerships.

Sentiment

Score: 3

Explanation: The document indicates a director selling a significant number of shares, which is generally viewed negatively by the market. The decreasing weighted average sale prices further contribute to a negative sentiment.

Negatives

• The director's sale of a significant number of shares could be interpreted negatively by the market.
• The weighted average sale prices decreased over the three days, potentially indicating a downward trend in the stock's value during that period.

Risks

• The director's decision to sell shares may signal a lack of confidence in the company's future performance.
• Continued sales by insiders could further depress the stock price.
• The complex ownership structure through various partnerships may make it difficult to assess the true extent of insider holdings and transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity, which is common in publicly traded companies. The sales by a director are not unusual but can be closely watched by investors for potential implications.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and the information provided is consistent with SEC requirements.
• The level of detail provided, including weighted average prices and price ranges, is typical for these filings.
• The indirect ownership structure through various partnerships is also common among venture-backed companies.

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's future prospects.

Key Dates

Keywords

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