INVA Form 4: Stephen Basso Withholds 237 Shares to Cover Tax Withholding

Rhea-AI Filing Summary

Insider sale via tax-withholding reduced holdings. Innoviva CFO Stephen Basso reported a disposition of 237 shares of Common Stock on 08/20/2025 at a reported price of $19.95 per share. The filing states the shares were withheld by the issuer to satisfy income tax withholding obligations tied to the quarterly vesting of previously granted employee equity awards. After the transaction Mr. Basso beneficially owned 23,281 shares directly. The form is signed and dated 08/22/2025.

Insights

Securities Analyst

TL;DR: Routine insider withholding sale for taxes; not a signal of discretionary stock sale.

The Form 4 shows a small, mechanically driven disposition: 237 shares withheld at $19.95 to cover tax liabilities from vesting equity. This type of transaction typically reflects payroll withholding rather than an active sale decision by the officer. The post-transaction direct beneficial ownership of 23,281 shares remains disclosed for transparency. For investors, the event is administrative and generally not material to company valuation.

Corporate Governance Expert

TL;DR: Compliance-focused filing documenting tax withholding on vested awards; governance processes appear followed.

The filing documents proper Section 16 reporting and manual signature, indicating adherence to reporting obligations. The explanation explicitly ties the disposition to tax withholding for vested employee awards, which is a standard corporate practice to fulfill withholding responsibilities. There is no indication of additional dispositional intent or patterned insider selling in this single-file disclosure.

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

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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^*

Basso Stephen

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025

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	08/20/2025		F		237(1)	D	$19.95	23,281	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/ Stephen Basso	08/22/2025
	** 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 transaction did Innoviva (INVA) report on this Form 4?

The report shows a disposition of 237 shares of Common Stock on 08/20/2025 at a price of $19.95 per share.

Why were the 237 shares disposed of by Stephen Basso?

The filing states the shares were withheld by the issuer to satisfy income tax withholding obligations from quarterly vesting of employee equity grants.

How many Innoviva shares did Stephen Basso own after the transaction?

After the reported transaction Mr. Basso beneficially owned 23,281 shares directly.

What is Stephen Basso’s role at Innoviva as listed on the Form 4?

He is identified as an Officer with the title Chief Financial Officer and also checked as a Director.

When was the Form 4 signed and filed?

The signature block shows the form signed by Stephen Basso on 08/22/2025.