Basso Stephen 4

What Happened

• Stephen Basso, Chief Financial Officer of Innoviva (INVA), received 1,123 shares under the company's Employee Stock Purchase Plan (ESPP) on May 15, 2026 (recorded as an acquisition at $0.00, value $0).
• On May 20, 2026, 559 shares were withheld by the issuer to satisfy income tax withholding obligations related to quarterly vesting of previously granted equity (disposition reported at $22.24/share, total value $12,432).
• Net effect (based on reported transactions): +564 shares (1,123 acquired − 559 withheld). These withholdings are for tax payment, not an open-market sale.

Key Details

• Transaction dates: May 15, 2026 (ESPP acquisition) and May 20, 2026 (tax withholding). Filing date: May 22, 2026. Period of report: May 20, 2026. Filing appears timely.
• Prices/values: ESPP acquisition recorded at $0.00 per share; withholding disposition at $22.24/share for a total of $12,432.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — 1,123 shares acquired under Innoviva’s Employee Stock Purchase Plan. F2 — 559 shares withheld to satisfy income tax withholding obligations tied to quarterly vesting.
• Transaction codes: A = Award/Acquisition (ESPP); F = Shares withheld for tax withholding (not an open-market sale).

Context

• ESPP purchases and issuer share-withholdings for taxes are routine compensation-related transactions and do not necessarily indicate insider sentiment about the stock. The withholding (code F) is a common method to satisfy tax obligations and differs from a public sale.