Innoviva (INVA) CFO Stephen Basso Withholds 558 Shares for Taxes

What Happened

• Stephen Basso, Chief Financial Officer of Innoviva, had 558 shares withheld by the company on Aug 20, 2026 at $21.00 per share to satisfy income tax withholding related to the quarterly vesting of previously granted employee equity. The withholding reduced his holdings (disposition type F) and the withheld value totaled $11,718. This was a tax-withholding event—not an open-market sale.

Key Details

• Transaction date and price: Aug 20, 2026 — 558 shares at $21.00 per share (total $11,718)
• Transaction type/code: F — shares withheld to satisfy tax withholding obligations
• Footnote: The shares were withheld by the issuer to satisfy income tax withholding for quarterly vesting of previously granted employee equity grants (F1)
• Filing date vs transaction date: Form 4 filed Aug 24, 2026 (4 days after the transaction), indicating a late filing
• Shares owned after the transaction: not specified in the reported Form 4

Context

• This was a routine tax-withholding/cashless withholding on vested equity, not an open-market sale or new purchase. Such withholdings are administrative and generally do not signal the insider’s view of the company’s stock.