Marianne Zhen - 13 Apr 2023 Form 4 Insider Report for Innoviva, Inc. (INVA)

Role: Chief Accounting Officer
Signature: /s/ Marianne Zhen
Issuer symbol: INVA
Transactions as of: 13 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 17 Apr 2023, 19:27:40 UTC
Previous filing: 22 Feb 2023
Next filing: 23 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INVA	Common Stock	Award	$0	+14,344	+39%	$0.000000	51,145	13 Apr 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	INVA	Non-statutory Stock Option	Award	$0	+20,000	+100%	$0.000000	40,000	13 Apr 2023	Common Stock	20,000	$12.20	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted a one time-based restricted stock unit ("RSU"). Twenty-five percent of the shares subject to the RSU shall vest on February 20, 2024, 6.25% on May 20, 2024, and an additional 6.25% on the final day of each 3-month period thereafter, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. The grant was approved by the Compensation Committee of the Board of Directors of the Company.
F2	The Reporting Person was granted options. Twenty-five percent of the options shall vest on February 20, 2024, 6.25% on May 20, 2024, and an additional 6.25% on the final day of each 3-month period thereafter, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. The grant was approved by the Compensation Committee of the Board of Directors of the Company.

Content

The Reporting Person was granted a one time-based restricted stock unit ("RSU"). Twenty-five percent of the shares subject to the RSU shall vest on February 20, 2024, 6.25% on May 20, 2024, and an additional 6.25% on the final day of each 3-month period thereafter, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. The grant was approved by the Compensation Committee of the Board of Directors of the Company.

The Reporting Person was granted options. Twenty-five percent of the options shall vest on February 20, 2024, 6.25% on May 20, 2024, and an additional 6.25% on the final day of each 3-month period thereafter, provided the Reporting Person has provided continuous service to the Issuer through the applicable vesting date. The grant was approved by the Compensation Committee of the Board of Directors of the Company.