Summary by Futu AI
Polaris Partners has decreased its ownership in Invivyd, Inc. through a series of stock sales. On December 9-11, 2024, Polaris Partners IX, L.P. sold a total of 485,400 shares of Invivyd's common stock at weighted average prices ranging from $0.5886 to $0.6104 per share, for total proceeds of approximately $289,377.44.Following these transactions, Polaris entities collectively own 7,933,919 shares, representing 6.6% of Invivyd's outstanding common stock. This includes holdings across various Polaris funds and entities. Terrance McGuire, a director of Invivyd and affiliated with Polaris, beneficially owns an additional 160,593 shares through stock options.The filing indicates a reduction in Polaris' ownership stake in Invivyd, potentially signaling a shift in their investment strategy or outlook for the company. Investors may want to monitor for any further changes in Polaris' position or other institutional holdings in Invivyd.