Schlesinger Sarah J. 4

What Happened Sarah J. Schlesinger, an Outside Director of Innoviva, was granted 9,786 restricted stock units (RSUs) and 10,000 non‑statutory stock options on May 4, 2026. Both grants were reported on Form 4 with a $0 per‑share acquisition price (standard for equity awards). These were award/grant transactions (code A), not open‑market purchases or sales.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06 (timely filing).
• RSUs granted: 9,786 shares @ $0. Total reported acquisition value: $0.
• Options granted (derivative): 10,000 shares/units @ $0 (reported as a derivative transaction).
• Shares owned after transaction: not specified in this filing.
• Footnote: Grants vest 100% at the earlier of the next annual meeting or the one‑year anniversary, subject to continued service as an Outside Director; vesting accelerates upon death, disability, or a defined "change in control" (provided no prior termination).

Context These are compensation awards to a director (routine for board service) rather than outright purchases; no cash was exchanged and awards may vest over time. Options are derivative securities (the reported 10,000 are option grants, not exercised shares). Such grants are common and do not by themselves indicate the insider is buying or selling stock for investment reasons.