Ajay Royan
Insider
Activist
First SEC filing: March 26, 2025 · Latest: June 15, 2026
Insider at
Insider transactions
1 buys (P)
0 sells (S)
Net: $19,550
Avg return of open purchases vs now: 437.6%
Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted
| Date | Ticker | Code | Shares | Price | Value | Owned after | Δ own | A/D | vs now |
|---|---|---|---|---|---|---|---|---|---|
| June 12, 2026 | GUTS | P | 23,000 | $0.85 | $19,550 | 40,901 Direct | +128.48% | Acquired | 437.6% (price as of 2026-10-06) |
| June 10, 2026 | GUTS | A | 22,500 | · | · | 22,500 Direct | · | Acquired | (price as of 2026-10-06) |
| May 19, 2026 | IVVD | A | 50,000 | · | · | 50,000 Direct | · | Acquired | (price as of 2026-10-06) |
| June 11, 2025 | GUTS | A | 22,500 | · | · | 22,500 Direct | · | Acquired | (price as of 2026-10-06) |
| May 20, 2025 | IVVD | A | 8,219 | · | · | 8,219 Direct | · | Acquired | (price as of 2026-10-06) |
| March 24, 2025 | IVVD | A | 100,000 | · | · | 100,000 Direct | · | Acquired | (price as of 2026-10-06) |
| March 14, 2025 | GUTS | P | 17,901 | $1.28 | $22,913 | 17,901 Direct | · | Acquired | 257.0% (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 1,598,225 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 373,021 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 545,450 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 6,502,796 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 4,025,764 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | P | 333,333 | $15.00 | $4,999,995 | 1,251,900 Indirect | +36.29% | Acquired | -69.5% (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 918,567 | · | · | 918,567 Indirect | · | Acquired | (price as of 2026-10-06) |
| Feb. 6, 2024 | GUTS | C | 5,160,301 | · | · | 5,160,301 Indirect | · | Acquired | (price as of 2026-10-06) |
| Feb. 1, 2024 | GUTS | A | 45,000 | · | · | 45,000 Direct | · | Acquired | (price as of 2026-10-06) |
| Aug. 10, 2021 | IVVD | C | 422,612 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Aug. 10, 2021 | IVVD | C | 176,304 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Aug. 10, 2021 | IVVD | C | 1,250,000 | · | · | 0 Indirect | -100.00% | Disposed | (price as of 2026-10-06) |
| Aug. 10, 2021 | IVVD | P | 1,997,000 | $17.00 | $33,949,000 | 11,241,580 Indirect | +21.60% | Acquired | -95.3% (price as of 2026-10-06) |
| Aug. 10, 2021 | IVVD | C | 9,244,580 | · | · | 9,244,580 Indirect | · | Acquired | (price as of 2026-10-06) |
| Aug. 5, 2021 | IVVD | A | 35,593 | · | · | 35,593 Direct | · | Acquired | (price as of 2026-10-06) |
P = Open-market purchase · S = Sale · A = Grant/award · M = Option exercise · G = Gift · F = Tax withholding
Insider transactions are not a recommendation; sales are often driven by liquidity or tax reasons.
Derivative holdings (Form 4 Table II) Options, RSUs and convertible securities reported on Form 4 Table II.
| Date | Ticker | Security | Underlying | Exercise price | Expiration | Shares | A/D |
|---|---|---|---|---|---|---|---|
| June 10, 2026 | GUTS | Stock Option | Common Stock | $0.73 | June 9, 2036 | 22,500 | Acquired |
| May 19, 2026 | IVVD | Stock Option (Right to Buy) | Common Stock | $1.04 | May 18, 2036 | 50,000 | Acquired |
| June 11, 2025 | GUTS | Stock Option | Common Stock | $2.27 | June 10, 2035 | 22,500 | Acquired |
| May 20, 2025 | IVVD | Stock Option (Right to Buy) | Common Stock | $0.81 | May 19, 2035 | 8,219 | Acquired |
| March 24, 2025 | IVVD | Stock Option (Right to Buy) | Common Stock | $0.72 | March 23, 2035 | 100,000 | Acquired |
| Feb. 6, 2024 | GUTS | Series F Preferred Stock | Common Stock | · | · | 1,598,225 | Disposed |
| Feb. 6, 2024 | GUTS | Series E Preferred Stock | Common Stock | · | · | 373,021 | Disposed |
| Feb. 6, 2024 | GUTS | Series D Preferred Stock | Common Stock | · | · | 545,450 | Disposed |
| Feb. 6, 2024 | GUTS | Series C-2 Preferred Stock | Common Stock | · | · | 6,502,796 | Disposed |
| Feb. 6, 2024 | GUTS | Series C-1 Preferred Stock | Common Stock | · | · | 4,025,764 | Disposed |
| Feb. 1, 2024 | GUTS | Stock Option | Common Stock | $15.00 | Jan. 31, 2034 | 45,000 | Acquired |
| Aug. 10, 2021 | IVVD | Series C Preferred Stock | Common Stock | · | · | 422,612 | Disposed |
| Aug. 10, 2021 | IVVD | Series B Preferred Stock | Common Stock | · | · | 176,304 | Disposed |
| Aug. 10, 2021 | IVVD | Series A Preferred Stock | Common Stock | · | · | 1,250,000 | Disposed |
| Aug. 5, 2021 | IVVD | Stock Option (Right to Buy) | Common Stock | $17.00 | Aug. 4, 2031 | 35,593 | Acquired |
Exercise/conversion price is blank when not applicable (e.g. RSUs).
Initial ownership (Form 3) 9 holdings
Securities held when first becoming an insider, per SEC Form 3.
| Date | Ticker | Security | Shares | Ownership |
|---|---|---|---|---|
| March 26, 2025 | IVVD | Common Stock | 11,241,580 | Indirect |
| Feb. 1, 2024 | GUTS | Series C-1 Preferred Stock | 1,875,938 | Indirect |
| Feb. 1, 2024 | GUTS | Series C-2 Preferred Stock | 3,030,193 | Indirect |
| Feb. 1, 2024 | GUTS | Series D Preferred Stock | 254,170 | Indirect |
| Feb. 1, 2024 | GUTS | Series E Preferred Stock | 173,821 | Indirect |
| Feb. 1, 2024 | GUTS | Series F Preferred Stock | 744,746 | Indirect |
| Aug. 5, 2021 | IVVD | Series A Preferred Stock | 6,250,000 | Indirect |
| Aug. 5, 2021 | IVVD | Series B Preferred Stock | 881,520 | Indirect |
| Aug. 5, 2021 | IVVD | Series C Preferred Stock | 2,113,060 | Indirect |