Innoviva (INVA) CEO has shares withheld to cover equity vesting taxes

Rhea-AI Filing Summary

Innoviva, Inc. Chief Executive Officer Pavel Raifeld reported a tax-related share disposition. On the vesting of previously granted equity, 2,986 shares of common stock were withheld by the company at $23.39 per share to cover income tax obligations. After this withholding transaction, Raifeld directly owned 159,290 shares of Innoviva common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Raifeld Pavel

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	2,986	$23.39	$70K

Holdings After Transaction: Common Stock — 159,290 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Raifeld Pavel

(Last) (First) (Middle)

1350 OLD BAYSHORE HIGHWAY, SUITE 400

(Street)

BURLINGAME CA 94010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Innoviva, Inc. [ INVA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/20/2026		F		2,986	D	$23.39	159,290(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants.

	/s/ Pavel Raifeld	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Innoviva (INVA) CEO Pavel Raifeld report?

Innoviva CEO Pavel Raifeld reported a tax-withholding disposition of shares. The company withheld 2,986 common shares to satisfy income tax obligations triggered by the quarterly vesting of previously granted equity awards, rather than an open-market sale.

Was the Innoviva (INVA) Form 4 transaction an open-market sale?

No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by Innoviva to cover income tax liabilities arising from the quarterly vesting of earlier equity grants awarded to CEO Pavel Raifeld.

How many Innoviva (INVA) shares were withheld and at what price?

Innoviva withheld 2,986 shares of common stock at a price of $23.39 per share. This withholding satisfied income tax obligations related to the vesting of previously granted employee equity awards for Chief Executive Officer Pavel Raifeld.

How many Innoviva (INVA) shares does Pavel Raifeld own after the Form 4 transaction?

After the tax-withholding disposition, Pavel Raifeld directly owns 159,290 shares of Innoviva common stock. This figure reflects his holdings following the company’s withholding of 2,986 shares to cover income tax obligations tied to vesting equity.

What does transaction code F mean on the Innoviva (INVA) Form 4?

Transaction code F indicates “payment of exercise price or tax liability by delivering securities.” In this Innoviva filing, it reflects shares withheld by the issuer to pay income tax obligations when previously granted equity awards vested for the CEO.