Zhen Marianne 4

What Happened
Marianne Zhen (listed on the filing as Zhen Marianne), Chief Accounting Officer of Innoviva (INVA), had 1,127 shares withheld by the company to satisfy income tax withholding related to quarterly vesting of previously granted employee equity. The withholding occurred on 2026-05-20 at a reported price of $22.24 per share for a total value of approximately $25,064. This was a tax-withholding disposition rather than an open-market sale.

Key Details

• Transaction date: 2026-05-20; filing date: 2026-05-22 (timely filing).
• Price per share: $22.24; shares withheld/disposed: 1,127; total value ≈ $25,064.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding obligations tied to quarterly vesting of employee equity grants (routine tax withholding).
• Transaction code: F (payment of exercise price or tax liability — tax withholding).

Context
This is a routine, non-discretionary withholding to cover tax obligations from vested equity (a cashless-like action), and does not necessarily indicate the insider is selling additional shares or expressing a view on the stock. For investors, outright purchases or open-market sales by insiders typically carry more signal value than routine tax-withholdings.