Evaxion A/S - American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share (EVAX)

Q: What does CUSIP 29970R303 represent in this 13F holders report?

CUSIP 29970R303 is the security identifier for EVAX - Evaxion A/S - American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share used to aggregate holder disclosures.

Q: How many institutions held EVAX - Evaxion A/S - American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share in Q4 2025?

13 institutional investors reported EVAX - Evaxion A/S - American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share for Q4 2025. Use the holders table for investor-level position and value details.

CUSIP: 29970R303

Q4 2025 13F Holders as of 31 Dec 2025

Security type / class: Equity / American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share
Total 13F shares: 214,235
Total 13F value: $1,022,291
Share change: +82,504
SEC-reported price per share: $4.77
Number of holders: 13
Value change: +$393,935
Number of buys: 9
Number of sells: 3
Shares outstanding: 6,399,690

Security key

29970R303

Report period

Q4 2025

Institutions

Top holders

EVAX full security history Ownership snapshot Full 13F holder table Newer quarter: Q1 2026 Previous quarter: Q3 2025 Evaxion A/S SEC filings Evaxion A/S company facts

Broader feeds

Latest 13F filings Latest 13D/G filings Investors directory

Reporting periods

Holder history for CUSIP 29970R303

Newer quarter: Q1 2026 Previous quarter: Q3 2025

Recent filing periods:

Q2 2026 Q1 2026 Q4 2025 Q3 2025

Ownership snapshot

Top reported holders of EVAX - Evaxion A/S - American Depositary Shares, each representing fifty Ordinary Shares, DKK 0.25 nominal value per share (13F + 13D/G + 3/4/5)

Grouped by holder across the latest SEC ownership disclosures. Start with comparable ownership when available, then verify the linked 13F, 13D/G, or 3/4/5 evidence.

Comparable stake leader

Merck & Co., Inc.

Disclosed value leader

Merck & Co., Inc.

Comparable rows

7/8

Latest evidence

30 Sep 2025

13D/G 13F Lead comparable stake: 20% 1 rows are not safely comparable across share classes. 13D/G row: Merck & Co., Inc. Showing 1-6 of 8 holder rows.

Quick read

Merck & Co., Inc. leads the comparable SEC ownership view at 20%.

7 of 8 rows have a safely comparable ownership percentage. Use this as a filing-backed starting point, then open the detailed table for source links, reporting role, position value, share count, and filing date.

Open SEC evidence Opens Merck & Co., Inc.'s linked filing trail.

Comparable ownership Top 5

Merck & Co., Inc. 20%

ARMISTICE CAPITAL, LLC 5%

Ikarian Capital, LLC 1.3%

BOOTHBAY FUND MANAGEMENT, LLC 0.37%

GAMMA Investing LLC 0.05%

Ownership % is shown only when SEC disclosures are safely comparable across share classes.

Detailed SEC evidence table Showing 1-6 of 8 holder rows

Holder	Evidence	Ownership %	Position	12M Net Δ	As of
Merck & Co., Inc.	13D/G 13F Company 13D/G 13F	20%	$105,531,938 63,004,142 shares	$0	31 Jan 2025
ARMISTICE CAPITAL, LLC	13D/G 13D/G	5%	$506,019 310,441 shares	-$536,087	31 Mar 2025
Ikarian Capital, LLC	13F Company 13F	1.3%	$300,801 80,000 shares	—	30 Sep 2025
BOOTHBAY FUND MANAGEMENT, LLC	13F Company 13F	0.37%	$89,217 23,728 shares	—	30 Sep 2025
GAMMA Investing LLC	13F Company 13F	0.05%	$12,438 3,308 shares	—	30 Sep 2025
SBI Securities Co., Ltd.	13F Company 13F	0%	$244 65 shares	—	30 Sep 2025

How to read this table

Rows are grouped by holder and ranked first by SEC-reported ownership % when it is safely comparable, then by disclosed holdings value. — indicates unavailable or non-comparable values; "mixed-class rows" means the latest filing spans non-comparable classes.

13F holder rows

Institutional holders as of Q4 2025

Investor-level positions for this CUSIP, loaded as an interactive table.

Institutions

214,235

Rows available

Investor	Option	Weight %	Change %	SEC-reported value	* Price	Shares	Share Change	Activity	Report Period

^* SEC-reported price is the security price as of the portfolio date and can indicate the last known price at which the security was still held. The marker flags a reported price that did not pass the local price check.

Compare Q4 2025 vs Q3 2025 Across Filers

Q3 2025 holders

Q4 2025 holders

Holder diff

Investor	Q3 2025 Shares	Q4 2025 Shares	Share Diff	Share Chg %	Q3 2025 value	Q4 2025 value	Value change	Value Chg %

Trend: ostatnie 8 kwartałów (+ wybrane okresy porównania).

Quarterly Holders Trend

Quarterly Value Trend

Quarterly Shares Trend