Jim Wassil - 01 Sep 2023 Form 4 Insider Report for Vaxcyte, Inc. (PCVX)

Role
Chief Operating Officer
Signature
Jim Wassil, by /s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
PCVX
Transactions as of
01 Sep 2023
Net transactions value
-$259,868
Form type
4
Filing time
06 Sep 2023, 17:33:29 UTC
Previous filing
08 Jun 2023
Next filing
26 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCVX Common Stock Options Exercise $7,260 +3,000 +1.8% $2.42* 173,066 01 Sep 2023 Direct F1
transaction PCVX Common Stock Sale $141,212 -2,677 -1.5% $52.75 170,389 01 Sep 2023 Direct F2, F3
transaction PCVX Common Stock Sale $17,235 -323 -0.19% $53.36 170,066 01 Sep 2023 Direct F2, F4
transaction PCVX Common Stock Tax liability $108,681 -2,131 -1.3% $51.00 167,935 05 Sep 2023 Direct F5

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 PCVX Stock Option (right to buy) Options Exercise $0 -3,000 -2.6% $0.000000 113,555 01 Sep 2023 Common Stock 3,000 $2.42 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Includes 1,040 shares acquired under the Issuer's Employee Stock Purchase Plan on May 17, 2023.
F2 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on May 23, 2023.
F3 The price reported is a weighted-average price. The shares were sold at prices ranging from $52.27 to $53.19. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.
F4 The price reported is a weighted-average price. The shares were sold at prices ranging from $53.28 to $53.45. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares sold at each separate price.
F5 Represents shares surrendered to the Issuer to cover applicable tax withholding obligations realized upon the vesting of restricted stock units.
F6 1/4 of the shares subject to the option vested on December 1, 2020, and 1/48 of the shares vest monthly thereafter.