4//SEC Filing
DENNER ALEXANDER J 4
Accession 0000899140-25-000405
CIK 0001080014other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 9:30 PM ET
Size
12.3 KB
Accession
0000899140-25-000405
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Denner Alexander J
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2025-03-04$17.63/sh−151,175$2,665,079→ 7,125,825 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
2025-03-06$17.52/sh−1,196,746$20,964,237→ 5,658,705 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
2025-03-05$17.63/sh−270,374$4,766,126→ 6,855,451 total(indirect: See footnotes)
Sarissa Capital Management LP
10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
2025-03-04$17.63/sh−151,175$2,665,079→ 7,125,825 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
2025-03-05$17.63/sh−270,374$4,766,126→ 6,855,451 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
2025-03-06$17.52/sh−1,196,746$20,964,237→ 5,658,705 total(indirect: See footnotes)
Footnotes (5)
- [F1]On March 4, 2025, the Reporting Persons sold 151,175 shares of Common Stock at a weighted average price of $17.6291 per share. The shares were sold in multiple open market transactions at prices ranging from $17.55 to $17.89 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
- [F2]On March 5, 2025, the Reporting Persons sold 270,374 shares of Common Stock at a weighted average price of $17.6279 per share. The shares were sold in multiple open market transactions at prices ranging from $17.49 to $17.72 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
- [F3]On March 6, 2025, the Reporting Persons sold 1,196,746 shares of Common Stock at a weighted average price of $17.5177 per share. The shares were sold in multiple open market transactions at prices ranging from $17.48 to $17.64 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
- [F4]Sarissa Capital Management LP ("Sarissa Capital") is the investment advisor to Sarissa Capital Offshore Master Fund LP, Sarissa Capital Catapult Fund LLC, Sarissa Capital Hawkeye Fund LP and Sarissa Capital Master Fund II LP (collectively, the "Sarissa Funds") and may be deemed to beneficially own the shares of Common Stock directly beneficially owned by the Sarissa Funds by virtue of the authority granted to it to vote and to dispose of the securities held by them, including the shares of Common Stock. Alexander J. Denner, Ph.D., a citizen of the United States of America ("Dr. Denner"), is the Chief Investment Officer and ultimate general partner of Sarissa Capital and is the ultimate general partner, or controls the managing member, of each of the Sarissa Funds; accordingly, Dr. Denner may be deemed to beneficially own the shares of Common Stock directly held by the Sarissa Funds by virtue of such positions.
- [F5]Each of Dr. Denner, Sarissa Capital and each of the Sarissa Funds disclaims beneficial ownership of the shares of Common Stock reported herein except, in each case, to the extent of their pecuniary interest therein.
Documents
Issuer
Innoviva, Inc.
CIK 0001080014
Entity typeother
Related Parties
1- filerCIK 0001361754
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 9:30 PM ET
- Size
- 12.3 KB