Form 4: Innoviva CFO Stephen Basso Reports Stock Transactions

Innoviva's Chief Financial Officer, Stephen Basso, reported recent stock transactions including an Employee Stock Purchase Plan acquisition and shares withheld for tax obligations.

Summary

• Stephen Basso, Chief Financial Officer of Innoviva, Inc. (INVA), reported changes in his beneficial ownership of common stock.
• On November 15, 2025, Mr. Basso acquired 604 shares of Innoviva common stock under the company's Employee Stock Purchase Plan (ESPP).
• On November 20, 2025, 237 shares of common stock were disposed of at a price of $21.16 per share to satisfy income tax withholding obligations related to the quarterly vesting of previously granted employee equity.
• Following these transactions, Mr. Basso directly owns 51,257 shares of Innoviva common stock.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (ESPP acquisition and tax-related share withholding) which are neutral in sentiment and do not indicate significant positive or negative developments for the company or the insider beyond standard compensation and benefit activities.

Positives

• Acquisition of 604 shares of common stock through the Employee Stock Purchase Plan (ESPP) on November 15, 2025, indicating participation in employee benefit programs.

Negatives

• Disposition of 237 shares of common stock on November 20, 2025, at $21.16 per share to cover income tax withholding obligations, which reduces direct beneficial ownership.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide broader industry context or trends. It reflects standard employee equity plan participation and tax-related share dispositions common across many publicly traded companies.

Stakeholder Impact

• Shareholders: Minimal impact as these are routine, small-scale insider transactions. The net change in beneficial ownership is minor.
• Employees: The ESPP acquisition highlights the availability and utilization of employee stock purchase plans, which can be a positive for employee retention and alignment of interests.

Key Dates

Keywords

Innoviva, INVA, Stephen Basso, CFO, Form 4, Insider Trading, Stock Transactions, Employee Stock Purchase Plan, ESPP, Equity Grants, Tax Withholding