Zhen Marianne 4

What Happened
Marianne Zhen, Chief Accounting Officer of Innoviva, had 2,460 shares (disposed) withheld by the company on Feb 20, 2026 to satisfy income tax withholding obligations tied to quarterly vesting of previously granted employee equity. The shares were valued at $23.39 each, for a total withholding value of about $57,539. This was a routine tax-withholding disposition (not an open-market sale or a purchase).

Key Details

• Transaction date: 2026-02-20 (reported on Form 4 filed 2026-02-24) — filing was timely (within two business days).
• Shares withheld/disposed: 2,460 shares at $23.39 per share — total ~$57,539.
• Shares owned after transaction: not specified in the provided filing.
• Transaction code: F (payment of exercise price or tax liability).
• Footnote: "The shares were withheld by the Issuer to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants."

Context
This was a routine tax-withholding action related to vested employee equity (not an open-market sale), which typically does not signal a change in insider sentiment. For derivative transactions like option exercises, cashless or withholding dispositions are common means to cover tax obligations; this filing reflects that routine administrative step.