Stephen Basso - 31 Aug 2023 Form 4 Insider Report for Innoviva, Inc. (INVA)

Reporting relationship: Chief Financial Officer
Issuer ticker: INVA
Reported as of: 31 Aug 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 31 Aug 2023, 20:12:03 UTC
Prior SEC filing: 31 Aug 2023
Next SEC filing: 07 Mar 2024
Source filing: View source filing
Reporting owner signature: /s/ Stephen Basso

Key filing fact

Stephen Basso filed Form 4 for Innoviva, Inc. (INVA) on 31 Aug 2023.

Key facts

This page summarizes Stephen Basso's Form 4 filing for Innoviva, Inc. (INVA).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 31 Aug 2023, 20:12.

Change

Previous filing in this sequence was filed on 31 Aug 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

INVA transaction Derivative

Nonqualified Stock Option

Award

Transaction value: $0
Shares: +150,000
Change %
Price: $0.000000
Shares after: 150,000
Date: 31 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 150,000
Exercise price: $12.75
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

25% of the options will vest on November 20, 2024 and the balance will vest in twelve (12) substantially equal installments thereafter on each three (3) month anniversary of the initial vesting date, in each case, subject to Mr. Basso's continuous service through the applicable vesting date, with accelerated vesting (i) in the event of a "change in control" (as defined in the Issuer's 2012 Equity Incentive Plan) in which the options are not assumed or replaced, or (ii) in the event that Mr. Basso experiences a termination of employment by the Innoviva, Inc. without "cause" or by Mr. Basso for "good reason" (each as defined in Mr. Basso's employment agreement) within 12 months following a "change in control," subject to an effective release of claims.