Alexander J. Denner - May 17, 2023 Form 4/A - Amendment Insider Report for Innoviva, Inc. (INVA)

Role
10%+ Owner
Signature
SARISSA CAPITAL MANAGEMENT LP; By: /s/ Mark DiPaolo, Senior Partner, General Counsel
Stock symbol
INVA
Transactions as of
May 17, 2023
Transactions value $
$1,269,375
Form type
4/A - Amendment
Date filed
5/19/2023, 09:12 PM
Date Of Original Report
May 19, 2023
Previous filing
May 15, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INVA Common Stock, par value $0.01 per share Purchase $654K +50K +0.72% $13.07 6.95M May 17, 2023 See footnotes F1, F4, F5
transaction INVA Common Stock, par value $0.01 per share Purchase $131K +10K +0.14% $13.05 6.96M May 18, 2023 See footnotes F2, F4, F5
transaction INVA Common Stock, par value $0.01 per share Purchase $485K +36K +0.52% $13.48 7M May 19, 2023 See footnotes F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 17, 2023, the Reporting Persons acquired 50,000 shares of Common Stock at a weighted average price of $13.0738 per share. The shares were purchased in multiple open market transactions at prices ranging from $13.00 to $13.13 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
F2 On May 18, 2023, the Reporting Persons acquired 10,000 shares of Common Stock at a weighted average price of $13.0538 per share. The shares were purchased in multiple open market transactions at prices ranging from $13.01 to $13.07 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
F3 On May 19, 2023, the Reporting Persons acquired 36,000 shares of Common Stock at a weighted average price of $13.4763 per share. The shares were purchased in multiple open market transactions at prices ranging from $13.47 to $13.49 per share, inclusive. The Reporting Persons undertake to provide, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote to this Form 4.
F4 Sarissa Capital Management LP ("Sarissa Capital") is the investment advisor to Sarissa Capital Offshore Master Fund LP, Sarissa Capital Catapult Fund LLC, Sarissa Capital Hawkeye Fund LP and Sarissa Capital Master Fund II LP (collectively, the "Sarissa Funds") and may be deemed to beneficially own the shares of Common Stock directly beneficially owned by the Sarissa Funds by virtue of the authority granted to it to vote and to dispose of the securities held by them, including the shares of Common Stock. Alexander J. Denner, Ph.D., a citizen of the United States of America ("Dr. Denner"), is the Chief Investment Officer and ultimate general partner of Sarissa Capital and is the ultimate general partner, or controls the managing member, of each of the Sarissa Funds; accordingly, Dr. Denner may be deemed to beneficially own the shares of Common Stock directly held by the Sarissa Funds by virtue of such positions.
F5 Each of Dr. Denner, Sarissa Capital and each of the Sarissa Funds disclaims beneficial ownership of the shares of Common Stock reported herein except, in each case, to the extent of their pecuniary interest therein