Basso Stephen 4
4 · Innoviva, Inc. · Filed Aug 31, 2023
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Basso Stephen
Chief Financial Officer
Transactions
- Award
Nonqualified Stock Option
2023-08-31+150,000→ 150,000 totalExercise: $12.75From: 2024-11-20Exp: 2033-11-20→ Common Stock (150,000 underlying)
Footnotes (1)
- [F1]25% of the options will vest on November 20, 2024 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 Mr. Basso'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 Mr. Basso experiences a termination of employment by the Innoviva, Inc. without "cause" or by Mr. Basso for "good reason" (each as defined in Mr. Basso's employment agreement) within 12 months following a "change in control," subject to an effective release of claims.