10% owner Denner sold 1,618,295 shares (1.62M) for $28.4M over three days at $17.55 avg, reducing stake by 22.2%.
Alexander J. Denner, a 10% owner, executed 3 separate sales totaling 1,618,295 shares for $28,395,442.42 across March 4–6, 2025, reducing his holdings from 7,277,000 shares to 5,658,705 shares. The sales occurred at prices ranging from $17.52 to $17.63, near the current price of $17.59, as the stock trades 13.4% below its 52-week high and down 4.0% over 30 days. At this specific ticker, Denner's 5 prior buys in mid-2023 showed mixed results, with only 2 of 5 exhibiting positive 90-day returns, indicating his buy timing at INVA has not been consistently accurate. The magnitude of this divestiture—reducing a major holder's stake by 22.2%—and its execution across multiple tranches within days merit monitoring for any accompanying disclosures about the company's capital allocation or strategic plans.