ALEXANDER J. DENNER - 05 Jun 2023 Form 4 Insider Report for Innoviva, Inc. (INVA)

Role
10%+ Owner
Signature
SARISSA CAPITAL MANAGEMENT LP; By: /s/ Mark DiPaolo, Senior Partner, General Counsel
Issuer symbol
INVA
Transactions as of
05 Jun 2023
Net transactions value
+$195,681
Form type
4
Filing time
07 Jun 2023, 20:10:19 UTC
Previous filing
30 May 2023
Next filing
20 Jun 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 $91,297 +7,000 +0.1% $13.04 7,207,000 05 Jun 2023 See footnotes F1, F3, F4
transaction INVA Common Stock, par value $0.01 per share Purchase $104,384 +8,000 +0.11% $13.05 7,215,000 06 Jun 2023 See footnotes F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 5, 2023, the Reporting Persons acquired 7,000 shares of Common Stock at a weighted average price of $13.0424 per share. The shares were purchased in multiple open market transactions at prices ranging from $13.005 to $13.20 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 June 6, 2023, the Reporting Persons acquired 8,000 shares of Common Stock at a weighted average price of $13.048 per share. The shares were purchased in multiple open market transactions at prices ranging from $13.04 to $13.09 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 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.
F4 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.