DiPaolo Mark 4

What Happened Mark DiPaolo, an Outside Director of Innoviva, received equity awards on 2026-05-04: 9,786 restricted stock units (RSUs) reported as shares acquired at $0.00, and a separate grant of non‑statutory stock options covering 10,000 shares reported as a derivative security at $0.00. These entries reflect awards/compensation grants, not open‑market purchases or sales.

Key Details

• Transaction date: May 4, 2026; Form 4 filed May 6, 2026 (appears timely).
• Reported amounts/prices: 9,786 RSUs @ $0.00 (acquired); 10,000 options/derivative units @ $0.00.
• Vesting: Per the filing footnote, 100% of the RSUs and Options vest at the earlier of the next annual stockholder meeting or one‑year anniversary of grant, subject to continuous service as an Outside Director. Vesting accelerates on death, disability, or a defined "change in control" (provided no prior termination).
• Shares owned after the transaction: Not specified in the supplied data.
• No tax‑withholding, 10b5‑1, or late‑filing notes provided in the summary data.

Context Director equity grants are common component of outside director compensation and do not represent an immediate cash purchase. The RSUs will convert to shares only upon vesting; the options give the right to acquire shares in the future if exercised under plan terms. These awards are routine and informational rather than a direct signal to buy or sell shares.