Basso Stephen 4

What Happened

• Stephen Basso, Chief Financial Officer of Innoviva, disposed of 1,244 shares on Feb 20, 2026. The shares were withheld by the company to satisfy income tax withholding obligations tied to the quarterly vesting of previously granted employee equity. The withholding value was $29,097 based on a price of $23.39 per share.

Key Details

• Transaction date and price: Feb 20, 2026 at $23.39/share
• Shares involved: 1,244 shares withheld (disposed)
• Transaction value: ~$29,097
• Transaction code: F — payment of exercise price or tax liability (tax withholding)
• Footnote: F1 confirms shares were withheld by the issuer to satisfy income tax withholding for vested equity
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing timeliness: Form 4 filed 2026-02-24; appears timely (filed within the SEC’s two-business-day reporting window)

Context

• This was a routine tax-withholding withholding (cashless share surrender) tied to vesting, not an open-market sale or a purchase. Such withholding transactions are common for employees receiving equity and do not necessarily signal a change in insider sentiment.