INVA ownership update — Bank of Nova Scotia reports 2,179,005 shares

Rhea-AI Filing Summary

Bank of Nova Scotia filed an amended Schedule 13G reporting beneficial ownership of 2,179,005 shares of Innoviva, Inc. common stock, representing 3.37% of the class as of the reporting event date 09/30/2025. The filing shows the bank has sole voting and sole dispositive power over all reported shares and does not report shared voting or dispositive power. The filing identifies the filer as a parent holding company organized in Canada and includes a certification about comparable foreign regulatory oversight. No larger group affiliation, transfers on behalf of others, or ownership above 5% are reported.

Positive

• Transparent disclosure of 2,179,005 shares and 3.37% stake
• Sole voting and dispositive power reported for all shares, clarifying control
• Filer identified as a parent holding company with certification of comparable foreign regulatory oversight

Negative

• Position below 5%, so unlikely to trigger enhanced shareholder influence alone
• No information provided about intent or any planned corporate actions involving the stake

Insights

Institutional Ownership Analyst

Stake disclosure shows a non-controlling institutional holding of 3.37%.

The filing documents that Bank of Nova Scotia holds 2,179,005 shares with sole voting and sole dispositive power, which indicates direct control over voting and disposition decisions for this block of stock. The position is below the 5% reporting threshold typically associated with potentially activist or control intentions, so it is consistent with passive institutional ownership reporting.

Key near-term items to note include any subsequent amendments if the position changes above 5.00% or if the filer joins a group; such events would require different disclosure and could be material to investors within standard SEC reporting timeframes.

Corporate Governance Specialist

The filing indicates clear voting authority but no group affiliation or third-party holdings.

Since the filer reports sole voting and dispositive power for all 2,179,005 shares, governance implications are straightforward: the bank can vote this block without coordination reported here. The document also states the filer is a parent holding company organized in Canada, and it certifies comparable foreign regulatory oversight.

Investors may monitor for scheduled shareholder votes or corporate actions where a 3.37% stake could affect close outcomes; any change in voting power, disposition, or formation of a group would be disclosed in subsequent filings.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Innoviva, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

45781M101

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 45781M101

1

Names of Reporting Persons

BANK OF NOVA SCOTIA

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CANADA (FEDERAL LEVEL)

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,179,005.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,179,005.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,179,005.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.37 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Innoviva, Inc.
(b)	Address of issuer's principal executive offices: 1350 OLD BAYSHORE HIGHWAY, SUITE 400, BURLINGAME, CALIFORNIA 94010
Item 2.
(a)	Name of person filing: BANK OF NOVA SCOTIA
(b)	Address or principal business office or, if none, residence: 40 TEMPERANCE STREET TORONTO, Ontario, Canada M5H 0B4
(c)	Citizenship: BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 45781M101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	a parent holding company, in accordance with 13d-1(b)(1)(ii)(g)
Item 4.	Ownership
(a)	Amount beneficially owned: 2,179,005
(b)	Percent of class: 3.37 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: BANK OF NOVA SCOTIA - 2,179,005
	(ii) Shared power to vote or to direct the vote: BANK OF NOVA SCOTIA - 0
	(iii) Sole power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 2,179,005
	(iv) Shared power to dispose or to direct the disposition of: BANK OF NOVA SCOTIA - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BANK OF NOVA SCOTIA

Signature:	Raj Sachdeva
Name/Title:	Vice President, Head of GBM&T, Compliance Canada
Date:	10/08/2025

FAQ

What stake did Bank of Nova Scotia report in Innoviva (INVA)?

The filer reported beneficial ownership of 2,179,005 shares, equal to 3.37% of Innoviva's common stock.

Does the Bank of Nova Scotia have voting control over these INVA shares?

Yes, the filing states the bank has sole voting power and sole dispositive power for all 2,179,005 shares.

Is this ownership filing indicative of an activist stake in INVA?

No. The reported 3.37% position is below the common 5.00% threshold typically associated with potential activist intent; no group or intent is disclosed.

When was the Schedule 13G event date?

The date of the event requiring this filing is 09/30/2025, and the signature date is 10/08/2025.

What type of filer is Bank of Nova Scotia according to the filing?

The filing classifies the Bank of Nova Scotia as a parent holding company organized in Canada.