Mark DiPaolo - May 22, 2023 Form 4 Insider Report for Innoviva, Inc. (INVA)

Role: Director
Signature: /s/ Mark DiPaolo
Stock symbol: INVA
Transactions as of: May 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/24/2023, 05:50 PM
Previous filing: Mar 10, 2023
Next filing: Jul 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	INVA	Common Stock	Award	$0	+16.5K	+18.7%	$0.00	105K	May 22, 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	+10K	+100%	$0.00	20K	May 22, 2023	Common Stock	10K	$13.64	Direct	F1

* 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 restricted stock units ("RSUs") and options upon the conclusion of the Issuer's 2023 annual meeting of stockholders. 100% of the RSUs and options will vest at the sooner of the next annual stockholder meeting or the one-year anniversary of grant, subject to the Reporting Person's continuous service as an Outside Director through the applicable vesting date.