Home / Going-concern warnings / Invivyd, Inc.
Filed 2025-11-06 路 Form 10-Q 路 Accession 0001193125-25-268076 micro
Price before filing: $1.52 (2025-11-05 close, split/dividend-adjusted)
Market cap at flag: $265.2M (2025-11-06) 路 Latest: $198.2M (2026-10-16)
| Window | IVVD | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +56.6% | +0.9% | +55.7% | 2025-12-08 |
| 90 days | +21.1% | +1.6% | +19.5% | 2026-02-04 |
| 180 days | -8.6% | +7.4% | -16.0% | 2026-05-05 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 5 insiders sold $167K (10 sales)
30 days after: 1 insider bought $125K (1 purchase)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-08-18 | Allen Robert D. III Chief Scientific Officer | Sale | 18,512 | $0.65 | $12K | yes | Form 4 |
| 2025-08-18 | Andersen Jill Chief Legal Officer, Secretary | Sale | 33,352 | $0.65 | $22K | yes | Form 4 |
| 2025-08-18 | Duke William E. Chief Financial Officer | Sale | 20,013 | $0.65 | $13K | yes | Form 4 |
| 2025-08-18 | Green Julie Chief Human Resources Officer | Sale | 20,013 | $0.65 | $13K | yes | Form 4 |
| 2025-08-18 | Lee Timothy Edward Chief Commercial Officer | Sale | 20,013 | $0.65 | $13K | yes | Form 4 |
| 2025-08-19 | Allen Robert D. III Chief Scientific Officer | Sale | 27,420 | $0.57 | $16K | yes | Form 4 |
| 2025-08-19 | Andersen Jill Chief Legal Officer, Secretary | Sale | 49,402 | $0.57 | $28K | yes | Form 4 |
| 2025-08-19 | Duke William E. Chief Financial Officer | Sale | 29,643 | $0.57 | $17K | yes | Form 4 |
| 2025-08-19 | Green Julie Chief Human Resources Officer | Sale | 29,643 | $0.57 | $17K | yes | Form 4 |
| 2025-08-19 | Lee Timothy Edward Chief Commercial Officer | Sale | 29,643 | $0.57 | $17K | yes | Form 4 |
| 2025-11-06: red flag filed | |||||||
| 2025-11-19 | MCLAUGHLIN KEVIN F Director | Purchase | 50,000 | $2.50 | $125K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-08-08 to 2025-12-06. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Based on current operating plans and excluding any contribution from future revenues or future external financing, the Company will not have sufficient cash and cash equivalents to fund its operating expenses and capital requirements beyond one year from the issuance of these condensed consolidated financial statements, and therefore, the Company has concluded that there is substantial doubt about its ability to..."
Quoted from the filing. Source
The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.
Source: management disclosure in Form 10-Q (period 2025-09-30)
Why this score: quarterly (unaudited) disclosure
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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