Wouter Latour - May 6, 2021 Form 4 Insider Report for Vaxart, Inc. (VXRT)

Role
Director
Signature
/s/ Margaret Echerd, Attorney-in-Fact for Wouter Latour
Stock symbol
VXRT
Transactions as of
May 6, 2021
Transactions value $
-$1,026,640
Form type
4
Date filed
5/10/2021, 05:05 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VXRT Common Stock Options Exercise $170K +100K $1.70 100K May 6, 2021 Direct
transaction VXRT Common Stock Sale -$654K -100K -100% $6.54* 0 May 6, 2021 Direct
transaction VXRT Common Stock Options Exercise $170K +100K $1.70 100K May 7, 2021 Direct
transaction VXRT Common Stock Sale -$713K -100K -100% $7.13* 0 May 7, 2021 Direct

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 VXRT Stock Option (right to buy) Options Exercise $0 -100K -11.11% $0.00 800K May 6, 2021 Common stock 100K $1.70 Direct F1
transaction VXRT Stock Option (right to buy) Options Exercise $0 -100K -12.5% $0.00 700K May 7, 2021 Common stock 100K $1.70 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 31.25% of the shares subject to this stock option vested on June 8, 2020, the grant date, with the remaining 68.75% vesting in 22 equal monthly installments on the first day of each calendar month thereafter, such that the option shall be fully vested on April 1, 2022.