Raifeld Pavel 4
4 · Innoviva, Inc. · Filed May 25, 2021
Insider Transaction Report
Form 4
Innoviva, Inc.INVA
Raifeld Pavel
DirectorChief Executive Officer
Transactions
- Award
Nonstatutory Stock Option
2021-05-21+100,000→ 350,000 totalExercise: $13.17From: 2022-05-20Exp: 2031-05-21→ Common Stock (100,000 underlying)
Holdings
- 2,500
Common Stock
Footnotes (2)
- [F1]Includes 2,500 shares of common stock acquired under the Innoviva, Inc. Employee Stock Purchase Plan on May 15, 2021.
- [F2]25% of the options will vest on May 20, 2022 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. Raifeld's continuous service through the applicable vesting date, with accelerated vesting in the event of a "change in control" (as defined in the Issuer's 2012 Equity Incentive Plan) or in the event that Mr. Raifeld experiences an "involuntary termination" (as defined in Mr. Raifeld's option agreement) within 24 months following a "change in control."