Innoviva (INVA) CAO Marianne Zhen Withholds 1,127 Shares

What Happened

• Marianne Zhen, Chief Accounting Officer of Innoviva, had 1,127 shares withheld by the company on 2026-08-20 to satisfy income tax withholding obligations tied to quarterly vesting of previously granted employee equity. The shares were valued at $21.00 each, for a total of $23,667. This is a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-20; Filing date: 2026-08-24 (Form 4 accession 0001193125-26-363611).
• Price: $21.00 per share; Total value of withheld shares: $23,667.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: F1 — shares were withheld by the issuer to satisfy income tax withholding obligations associated with quarterly vesting of previously granted employee equity grants.
• Transaction type: F (tax withholding). This is a routine internal withholding rather than a market sale or purchase.

Context

• Tax-withholding dispositions are common when equity vests and generally reflect tax obligations, not a directional bet on the stock. They typically do not signal insider confidence or concern in the same way a voluntary open-market buy or sell might.