Ajay Royan

CIK 1875614 · View on SEC EDGAR ↗

Insider Activist

First SEC filing: March 26, 2025 · Latest: June 15, 2026

On this page

Insider at

Insider transactions

1 buys (P) 0 sells (S) Net: $19,550 + 18 non-open-market transactions below Avg return of open purchases vs now: -17.6% last 12 months, based on the transactions shown below

Price change vs current quote, split-adjusted for corporate actions since the filing — not benchmarked, not annualized, not size-weighted

18 other filings hidden
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 -17.6% (price as of 2026-08-20)
March 14, 2025 GUTS P 17,901 $1.28 $22,913 17,901 Direct — Acquired -45.3% (price as of 2026-08-20)
Feb. 6, 2024 GUTS P 333,333 $15.00 $4,999,995 1,251,900 Indirect +36.29% Acquired -95.3% (price as of 2026-08-20)
Aug. 10, 2021 IVVD P 1,997,000 $17.00 $33,949,000 11,241,580 Indirect +21.60% Acquired -94.2% (price as of 2026-08-20)

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 (22,500) $0.73 June 9, 2036 22,500 Acquired
May 19, 2026 IVVD Stock Option (Right to Buy) Common Stock (50,000) $1.04 May 18, 2036 50,000 Acquired
June 11, 2025 GUTS Stock Option Common Stock (22,500) $2.27 June 10, 2035 22,500 Acquired
May 20, 2025 IVVD Stock Option (Right to Buy) Common Stock (8,219) $0.81 May 19, 2035 8,219 Acquired
March 24, 2025 IVVD Stock Option (Right to Buy) Common Stock (100,000) $0.72 March 23, 2035 100,000 Acquired
Feb. 6, 2024 GUTS Series F Preferred Stock Common Stock (744,746) — — 1,598,225 Disposed
Feb. 6, 2024 GUTS Series E Preferred Stock Common Stock (173,821) — — 373,021 Disposed
Feb. 6, 2024 GUTS Series D Preferred Stock Common Stock (254,170) — — 545,450 Disposed
Feb. 6, 2024 GUTS Series C-2 Preferred Stock Common Stock (3,030,193) — — 6,502,796 Disposed
Feb. 6, 2024 GUTS Series C-1 Preferred Stock Common Stock (1,875,938) — — 4,025,764 Disposed
Feb. 1, 2024 GUTS Stock Option Common Stock (45,000) $15.00 Jan. 31, 2034 45,000 Acquired
Aug. 10, 2021 IVVD Series C Preferred Stock Common Stock (2,113,060) — — 422,612 Disposed
Aug. 10, 2021 IVVD Series B Preferred Stock Common Stock (881,520) — — 176,304 Disposed
Aug. 10, 2021 IVVD Series A Preferred Stock Common Stock (6,250,000) — — 1,250,000 Disposed
Aug. 5, 2021 IVVD Stock Option (Right to Buy) Common Stock (35,593) $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→ Common Stock (1,875,938) 1,875,938 Indirect
Feb. 1, 2024 GUTS Series C-2 Preferred Stock→ Common Stock (3,030,193) 3,030,193 Indirect
Feb. 1, 2024 GUTS Series D Preferred Stock→ Common Stock (254,170) 254,170 Indirect
Feb. 1, 2024 GUTS Series E Preferred Stock→ Common Stock (173,821) 173,821 Indirect
Feb. 1, 2024 GUTS Series F Preferred Stock→ Common Stock (744,746) 744,746 Indirect
Aug. 5, 2021 IVVD Series A Preferred Stock→ Common Stock (6,250,000) 6,250,000 Indirect
Aug. 5, 2021 IVVD Series B Preferred Stock→ Common Stock (881,520) 881,520 Indirect
Aug. 5, 2021 IVVD Series C Preferred Stock→ Common Stock (2,113,060) 2,113,060 Indirect