John A. Herrmann III - Sep 26, 2021 Form 4 Insider Report for NOVAVAX INC (NVAX)

Role
EVP, Chief Legal Officer
Signature
/s/ John A. Herrmann III
Stock symbol
NVAX
Transactions as of
Sep 26, 2021
Transactions value $
-$531,311
Form type
4
Date filed
9/28/2021, 05:04 PM
Previous filing
Sep 17, 2021
Next filing
Oct 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NVAX Common Stock Options Exercise +3.97K +562.75% 4.68K Sep 26, 2021 Direct F1
transaction NVAX Common Stock Tax liability -$476K -1.92K -41.01% $248.16 2.76K Sep 26, 2021 Direct
transaction NVAX Common Stock Options Exercise +666 +51.11% 1.97K Sep 26, 2021 By spouse F1, F2
transaction NVAX Common Stock Tax liability -$55.1K -222 -11.27% $248.16 1.75K Sep 26, 2021 By spouse F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NVAX Restricted Stock Units Options Exercise $0 -3.97K -50% $0.00 3.97K Sep 26, 2021 Common Stock 3.97K Direct F1, F3
transaction NVAX Restricted Stock Units Options Exercise $0 -666 -49.96% $0.00 667 Sep 26, 2021 Common Stock 666 By spouse F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Novavax, Inc. (the "Company") common stock.
F2 The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
F3 The RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, vested or will vest with respect to one-third (1/3) of the RSUs on each of the first three (3) anniversaries of the September 26, 2019 grant date (the "Grant Date"), in each case subject to continued employment through such vesting date.
F4 The RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, vested or will vest with respect to one-third (1/3) of the RSUs on each of the first three (3) anniversaries of the Grant Date, in each case subject to continued service with the Company through such vesting date.