---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-095406"
form_type: "8-K"
ticker: "INVA"
cik: "0001080014"
company_name: "Innoviva, Inc."
filed_at: "2023-08-25T23:59:59+00:00"
generated_at: "2026-06-11T03:18:20.989201+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Innoviva appoints Stephen Basso as CFO with $450K salary, $100K signing bonus

## Summary
- Stephen Basso appointed CFO effective August 21, 2023; brings 30+ years pharma/finance leadership experience.
- Base salary $450K, target annual bonus 40% of base, one-time $100K signing bonus (repayable if leaves within 1 year for cause).
- Initial grant of 150,000 nonqualified stock options; vesting 25% on 1st anniversary, then quarterly over 3 years.
- Severance: 12 months salary continuation, COBRA, and accelerated vesting on change-in-control termination without cause or for good reason.

## SEC filing metadata
- accession: 0001104659-23-095406
- form_type: 8-K
- ticker: INVA
- cik: 0001080014
- company_name: Innoviva, Inc.
- filed_at: 2023-08-25T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1080014/000110465923095406/0001104659-23-095406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1080014/000110465923095406/tm2324789d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-095406
- JSON: https://secwatch.observer/filing/0001104659-23-095406.json
- Plain text: https://secwatch.observer/filing/0001104659-23-095406.txt

## Key facts
- Executive change
  Stephen Basso was appointed as Chief Financial Officer at Innoviva, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On August 25, 2023, Innoviva, Inc. (the “Company”) announced the hiring and appointment of Stephen Basso, age 57, Chief Financial Officer of the Company, effective as of August 21, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1080014/000110465923095406/0001104659-23-095406-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.