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

Role
Chief Executive Officer, Director
Signature
/s/ Jill Andersen attorney-in-fact for David Hering
Stock symbol
IVVD
Transactions as of
Dec 14, 2022
Transactions value $
$0
Form type
4
Date filed
12/16/2022, 04:09 PM
Previous filing
Sep 1, 2022
Next filing
Dec 20, 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 +700K $0.00 700K Dec 14, 2022 Common Stock 700K $1.73 Direct F1, F2
transaction IVVD Stock Option (Right to Buy) Award $0 +900K $0.00 900K Dec 14, 2022 Common Stock 900K $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.