Form 4: Innoviva CFO Stephen Basso Reports Changes in Beneficial Ownership

Stephen Basso, CFO of Innoviva, Inc., reports acquisition of shares through the Employee Stock Purchase Plan and shares withheld for tax obligations.

Summary

• On May 15, 2025, Stephen Basso, CFO of Innoviva, Inc., acquired 1,353 shares of common stock through the Employee Stock Purchase Plan at a price of $0.
• On May 20, 2025, 237 shares were withheld by Innoviva to satisfy income tax withholding obligations related to the vesting of employee equity grants at a price of $18.78.
• Following these transactions, Basso directly owns 23,518 shares of Innoviva common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reflecting routine transactions. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of shares through the Employee Stock Purchase Plan indicates Basso's investment in the company's future.

Industry Context

Form 4 filings are a routine part of compliance for company insiders and provide transparency into their transactions in the company's stock.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Innoviva, Stephen Basso, CFO, Form 4, Beneficial Ownership, Employee Stock Purchase Plan, Equity Grants, Tax Withholding