Zhen Marianne 4
4 · Innoviva, Inc. · Filed Mar 26, 2025
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Zhen Marianne
Chief Accounting Officer
Transactions
- Award
Common Stock
2025-02-24$18.08/sh+8,938$161,599→ 51,312 total - Award
Non-statutory Stock Option
2025-02-24+30,300→ 93,322 totalExercise: $18.08From: 2026-02-20Exp: 2034-03-05→ Common Stock (30,300 underlying)
Footnotes (2)
- [F1]The Reporting Person was granted a time-vested restricted stock unit ("RSU"). Twenty-five percent of the shares subject to the RSU vest on February 20, 2026 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, provided the Reporting Person has provided continuous service to the Issuer 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 RSU is not assumed or replaced, or (ii) in the event that the Reporting Person experiences an "involuntary termination" of employment within 24 months following a "change in control," subject to an effective release of claims. The grant was approved by the Compensation Committee of the Board of Directors of the Company.
- [F2]Twenty-five percent of the options vest on February 20, 2026 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, provided the Reporting Person has provided continuous service to the Issuer 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 the Reporting Person experiences an "involuntary termination" of employment within 24 months following a "change in control," subject to an effective release of claims. The grant was approved by the Compensation Committee of the Board of Directors of the Company.