Innoviva (INVA) CEO Pavel Raifeld Withholds 1,130 Shares for Taxes

What Happened Pavel Raifeld, CEO of Innoviva, had 1,130 shares withheld by the company on August 20, 2026 to satisfy income tax withholding related to quarterly vesting of previously granted employee equity. The shares were valued at $21.00 each, totaling $23,730. The Form 4 reports this as a disposition under transaction code F (tax withholding).

Key Details

• Transaction date and price: 2026-08-20, 1,130 shares @ $21.00 each (total $23,730).
• Transaction type/code: Tax withholding of vested shares (Code F).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnote: Shares were withheld by the issuer to satisfy income tax withholding obligations associated with quarterly vesting of previously granted employee equity grants (F1).
• Filing timeliness: Reported on Form 4 filed 2026-08-24; timing appears timely given the August 20 transaction.

Context This was not an open-market sale or a buy — it’s a routine tax-withholding event tied to vested employee equity (often treated as a disposition on Form 4). Such withholdings are common and generally reflect tax obligations, not an active signal about the insider’s view of the company.