[Form 4] Innoviva, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Innoviva, Inc. reported that its Chief Financial Officer, Stephen Basso, received equity-based compensation awards. He was granted 37,994 time-vested restricted stock units of common stock and a non-statutory stock option for 93,750 shares at an exercise price of $22.99 per share.
These RSUs and options were conditionally granted under Innoviva's 2026 Equity Incentive Plan, subject to stockholder approval at the 2026 annual meeting on May 4, 2026. Twenty-five percent of each award vests on February 20, 2027, with the remaining portions vesting in twelve equal quarterly installments, assuming continued service.
The vesting schedule includes potential accelerated vesting in certain change in control and involuntary termination scenarios as defined in the 2026 Equity Incentive Plan. Following the RSU grant, Basso directly holds 88,007 shares of Innoviva common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Basso Stephen
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Non-statutory Stock Option | 93,750 | $0.00 | -- |
| Grant/Award | Common Stock | 37,994 | $0.00 | -- |
Holdings After Transaction:
Non-statutory Stock Option — 93,750 shares (Direct, null);
Common Stock — 88,007 shares (Direct, null)
Footnotes (1)
- The Reporting Person was conditionally granted time-vested restricted stock units ("RSUs") and non-statutory stock options ("Options"). The RSUs and Options were granted subject to stockholder approval of the Issuer's 2026 Equity Incentive Plan at the Issuer's 2026 annual meeting of stockholders on May 4, 2026, as disclosed in the Issuer's Schedule 14A filed with the Securities and Exchange Commission ("SEC") on March 24, 2026. Twenty-five percent of each of the RSUs and Options vest on February 20, 2027 and the balance will vest in twelve (12) substantially equal installments thereafter on each three (3) month anniversary of the initial vesting date, in each case, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date, with accelerated vesting (i) with respect to the Options, in the event of a "change in control" (as defined in the Issuer's 2026 Equity Incentive Plan) in which the options are not assumed or replaced, provided that the Reporting Person has not experienced a termination prior to such "change in control," or (ii) with respect to the Options and the RSUs, in the event that the Reporting Person experiences an "involuntary termination" of employment within 24 months following a "change in control" where such awards are assumed or substituted, subject to an effective release of claims.
Key Figures
RSUs granted: 37,994 shares
Options granted: 93,750 options
Option exercise price: $22.99 per share
+4 more
7 metrics
RSUs granted
37,994 shares
Time-vested RSUs conditionally granted to CFO on May 4, 2026
Options granted
93,750 options
Non-statutory stock options tied to Innoviva common stock
Option exercise price
$22.99 per share
Conversion or exercise price for non-statutory stock option
Options underlying shares
93,750 shares
Underlying Innoviva common shares for the option award
CFO holdings after grant
88,007 shares
Total Innoviva common shares directly held after RSU acquisition
Initial vesting date
February 20, 2027
25% of RSUs and options vest on this date
Option expiration
May 3, 2036
Expiration date of the non-statutory stock options
Key Terms
restricted stock units, non-statutory stock option, 2026 Equity Incentive Plan, change in control, +1 more
5 terms
restricted stock units financial
"The Reporting Person was conditionally granted time-vested restricted stock units ("RSUs") and non-statutory stock options"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
non-statutory stock option financial
"The Reporting Person was conditionally granted time-vested restricted stock units ("RSUs") and non-statutory stock options ("Options")."
A non-statutory stock option is a company-granted right that lets a person buy shares later at a set price but does not receive special tax-favored treatment under tax law. It matters to investors because when the option is used the holder usually pays ordinary income tax on the gain and the company records compensation cost and issues new shares, which can reduce existing owners’ percentage ownership—think of it like a coupon to buy stock that creates a taxable event and some dilution.
2026 Equity Incentive Plan financial
"subject to stockholder approval of the Issuer's 2026 Equity Incentive Plan at the Issuer's 2026 annual meeting"
change in control financial
"in the event of a "change in control" (as defined in the Issuer's 2026 Equity Incentive Plan)"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
involuntary termination financial
"in the event that the Reporting Person experiences an "involuntary termination" of employment within 24 months following a "change in control""
