Ronsheim Matthew 4
4 · Innoviva, Inc. · Filed Jan 22, 2024
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Ronsheim Matthew
See Remarks
Transactions
- Award
Nonqualified Stock Option
2024-01-18+60,000→ 93,100 totalExercise: $16.05From: 2025-02-20Exp: 2034-01-17→ Common Stock (60,000 underlying) - Tax Payment
Common Stock
2024-01-18$16.05/sh−1,600$25,680→ 28,817 total
Footnotes (2)
- [F1]The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants.
- [F2]25% of the options will vest on February 20, 2025 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, subject to Dr. Ronsheim's continuous service through the applicable vesting date, with accelerated vesting (i) in the event of a "change in control" (as defined in the Issuer's 2012 Equity Incentive Plan) in which the options are not assumed or replaced, or (ii) in the event that Dr. Ronsheim experiences a termination of employment by the Innoviva, Inc. without "cause" or by Dr. Ronsheim for "good reason" (each as defined in Dr. Ronsheim's employment agreement) within 24 months following a "change in control," subject to an effective release of claims.