Raifeld Pavel 4

What Happened
Pavel Raifeld, CEO of Innoviva (INVA), had 2,986 shares withheld by the company on Feb 20, 2026 to satisfy income tax withholding obligations tied to the quarterly vesting of previously granted employee equity. The shares were valued at $23.39 each, for a total of $69,843. This is a tax-withholding disposition (not an open-market sale or purchase).

Key Details

• Transaction date: 2026-02-20; Filing date: 2026-02-24.
• Price per share: $23.39; Total value of shares withheld: $69,843.
• Transaction code: F — shares withheld to cover tax withholding.
• Footnote: F1 — issuer withheld the shares to satisfy income tax withholding obligations associated with the quarterly vesting of previously granted employee equity grants.
• Shares owned after transaction: not disclosed in the provided filing.
• Filing timeliness: filed four days after the transaction; investors should review the full Form 4 for any timeliness flags.

Context
Tax-withholding dispositions are routine when equity vests and do not necessarily signal an insider’s view of the company’s prospects. This was effectively a cashless method to pay taxes on vested awards rather than an active decision to sell shares on the market. For investors, purchases or open-market sales tend to carry more informational weight than routine withholdings.