Innoviva CFO receives stock, covers taxes in shares

Innoviva, Inc. Chief Financial Officer Stephen Basso reported routine equity compensation activity.

Accepted by SEC EDGAR 05/22/2026 - 04:15 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Innoviva, Inc. Chief Financial Officer Stephen Basso reported routine equity compensation activity. On May 15, 2026, he acquired 1,123 shares of common stock through the company’s Employee Stock Purchase Plan. On May 20, 2026, 559 shares were withheld to cover income taxes on vesting of earlier equity awards, leaving him with 88,571 shares held directly. The withholding is not an open-market sale and reflects tax obligations tied to prior grants.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Basso Stephen

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	559	$22.24	$12K
Grant/Award	Common Stock	1,123	$0.00	$0.00

Holdings After Transaction: Common Stock — 88,571 shares (Direct)

Holdings Before and After: Common Stock, 88,007 to 88,571 shares (Direct)

Footnotes (2)

1. F1. Includes 1,123 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on May 15, 2026.
2. F2. The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants.

Key Figures

ESPP shares acquired: 1,123 shares Tax-withheld shares: 559 shares Post-transaction holdings: 88,571 shares +1 more

4 metrics

ESPP shares acquired 1,123 shares Common stock acquired under Employee Stock Purchase Plan on May 15, 2026

Tax-withheld shares 559 shares Withheld to satisfy income tax on vesting of prior equity grants on May 20, 2026

Post-transaction holdings 88,571 shares Common stock held directly after tax withholding transaction

Tax-withholding reference price $22.24 per share Value used for 559-share tax-withholding disposition on May 20, 2026

Key Terms

Employee Stock Purchase Plan, income tax withholding obligations, quarterly vesting, grant, award, or other acquisition

4 terms

Employee Stock Purchase Plan financial

"Includes 1,123 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on May 15, 2026."

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

income tax withholding obligations financial

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

quarterly vesting financial

"associated with the quarterly vesting of previously granted employee equity grants."

grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Innoviva (INVA) report for CFO Stephen Basso?

Innoviva’s CFO Stephen Basso reported two routine equity events: he acquired 1,123 shares of common stock through the Employee Stock Purchase Plan, and 559 shares were withheld to satisfy tax obligations from vesting equity awards. These are compensation-related, not open-market trades.

How many Innoviva (INVA) shares does CFO Stephen Basso hold after these transactions?

After the reported transactions, CFO Stephen Basso holds 88,571 shares of Innoviva common stock directly. This figure reflects his position following the 559-share tax withholding tied to the vesting of previously granted employee equity awards.

Was the Innoviva (INVA) CFO’s Form 4 a stock sale in the open market?

No, the Form 4 does not show an open-market sale. The 559 shares were withheld by Innoviva to cover income tax withholding obligations on vested equity. This tax-withholding disposition does not represent a discretionary market sale of stock.

How did Innoviva’s Employee Stock Purchase Plan affect the CFO’s holdings?

Under Innoviva’s Employee Stock Purchase Plan, CFO Stephen Basso acquired 1,123 shares of common stock on May 15, 2026. This grant increased his direct ownership, separate from the later tax-withholding of 559 shares related to previously granted equity awards.

What do the tax withholding shares mean in Innoviva (INVA) CFO’s Form 4?

The 559 shares shown with transaction code F were withheld by Innoviva to pay income tax due on quarterly vesting of earlier equity grants. This is an automatic tax-withholding mechanism, not a voluntary decision to sell shares in the market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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
Estimated average burden
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^*

Basso Stephen

(Last) (First) (Middle)

1350 OLD BAYSHORE HIGHWAY, SUITE 400

(Street)

BURLINGAME CALIFORNIA 94010

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/20/2026

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

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

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

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	05/15/2026		A		1,123(1)	A	$0	89,130	D
Common Stock	05/20/2026		F		559(2)	D	$22.24	88,571	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. Includes 1,123 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on May 15, 2026.

2. 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	05/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)