Raifeld Pavel 4

What Happened Pavel Raifeld, CEO of Innoviva, acquired 1,123 shares under the company's Employee Stock Purchase Plan on May 15, 2026 (reported as a grant/award). On May 20, 2026, 1,130 shares were withheld by the company to satisfy income tax withholding obligations tied to the quarterly vesting of previously granted equity, at an implied value of $22.24 per share (total ~ $25,131).

Key Details

• Transactions: May 15, 2026 — 1,123 shares acquired under ESPP (Form shows $0.00 acquisition amount; see footnote). May 20, 2026 — 1,130 shares withheld for tax withholding at $22.24 per share, totaling ~$25,131.
• Transaction codes: A = award/acquisition (ESPP); F = tax withholding to satisfy tax obligations on vesting.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing status: Form 4 filed May 22, 2026 for transactions through May 20, 2026 — appears timely (not marked late).

Context The acquisition was an ESPP purchase (employee benefit) and the share disposition was a routine tax-withholding action related to vesting of prior equity awards (a common payroll/settlement mechanism, not an open-market sale). These types of filings document compensation and tax settlements rather than discretionary buying or selling by the insider.