David Hering - 14 Dec 2022 Form 4 Insider Report for Invivyd, Inc. (IVVD)

Role
Chief Executive Officer, Director
Signature
/s/ Jill Andersen attorney-in-fact for David Hering
Issuer symbol
IVVD
Transactions as of
14 Dec 2022
Net transactions value
$0
Form type
4
Filing time
16 Dec 2022, 16:09:50 UTC
Previous filing
01 Sep 2022
Next filing
20 Dec 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IVVD Stock Option (Right to Buy) Award $0 +700,000 $0.000000 700,000 14 Dec 2022 Common Stock 700,000 $1.73 Direct F1, F2
transaction IVVD Stock Option (Right to Buy) Award $0 +900,000 $0.000000 900,000 14 Dec 2022 Common Stock 900,000 $1.73 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This option grant is made pursuant to the Reporting Person's achievement of certain performance goals as contemplated by Section 2(g) of that certain Employment Agreement, dated July 5, 2022, between the Reporting Person and the Issuer, as previously disclosed in a Current Report on Form 8-K filed by the Issuer on July 5, 2022.
F2 This option vests over a four-year period, with 1/48th of the shares subject to the option vesting in substantially equal monthly installments measured from one month following the grant date of December 14, 2022, subject to the Reporting Person's continuous service as of each vesting date.
F3 This option vests over a three-year period, with 1/36th of the shares subject to the option vesting in substantially equal monthly installments measured from one month following the grant date of December 14, 2022, subject to the Reporting Person's continuous service as of each vesting date.