Margaret Echerd - Jun 9, 2021 Form 4 Insider Report for Vaxart, Inc. (VXRT)

Role
SVP, Principal Accntng Officer
Signature
/s/ Margaret Echerd
Stock symbol
VXRT
Transactions as of
Jun 9, 2021
Transactions value $
-$289,557
Form type
4
Date filed
6/11/2021, 04:17 PM
Next filing
Jun 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VXRT Common Stock Options Exercise $63.8K +12.3K $5.17* 12.3K Jun 9, 2021 Direct
transaction VXRT Common Stock Options Exercise $27.1K +35.2K +285.59% $0.77 47.6K Jun 9, 2021 Direct
transaction VXRT Common Stock Sale -$380K -47.6K -100% $8.00* 0 Jun 9, 2021 Direct F1

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 -12.3K -77.08% $0.00 3.67K Jun 9, 2021 Common stock 12.3K $5.17 Direct F2
transaction VXRT Stock Option (right to buy) Options Exercise $0 -35.2K -50% $0.00 35.2K Jun 9, 2021 Common stock 35.2K $0.77 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 1, 2021.
F2 The stock option vests over a four-year period, with 25% of the shares subject to the stock option vesting on the first anniversary of the vesting commencement date of April 9, 2018, and the remaining shares in 36 equal monthly installments thereafter.
F3 The stock option vests over a four-year period, with 25% of the shares subject to the stock option vesting on the first anniversary of the vesting commencement date of May 10, 2019, and the remaining shares in 36 equal monthly installments thereafter.