Casey Mark J - 03 Mar 2025 Form 4 Insider Report for NOVAVAX INC (NVAX)

Role: EVP, Chief Legal Officer
Signature: /s/Mark J. Casey, Attorney-in-Fact
Issuer symbol: NVAX
Transactions as of: 03 Mar 2025
Transactions value $: $1,330,030
Form type: 4
Filing time: 05 Mar 2025, 17:07:27 UTC
Previous filing: 04 Mar 2025
Next filing: 15 Dec 2025
SEC: View on sec.gov

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	2025 Non-statutory Stock Option NQ	Award	$1.33M	+169K		$7.87	169K	03 Mar 2025	Common Stock	169K	$7.87	Direct	F1
transaction	NVAX	2025 Restricted Stock Units RSU	Award	$0	+113K		$0.00	113K	03 Mar 2025	Common Stock	113K	$0.00	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Twenty-five percent (25%) of the shares subject to this option granted under the Novavax, Inc. Amended and Restated 2015 Stock Incentive Plan, as amended, vest on the first anniversary of the grant date, and the remaining seventy-five percent (75%) of the shares vest in equal monthly installments over the following three (3) years, in each case subject to continued employment with the Company through such vesting date.
F2	One-third (1/3) of the RSUs subject to this grant under the Plan vest on each of the first three (3) anniversaries of the grant date, in each case subject to continued employment through such vesting date.

Content

Twenty-five percent (25%) of the shares subject to this option granted under the Novavax, Inc. Amended and Restated 2015 Stock Incentive Plan, as amended, vest on the first anniversary of the grant date, and the remaining seventy-five percent (75%) of the shares vest in equal monthly installments over the following three (3) years, in each case subject to continued employment with the Company through such vesting date.

One-third (1/3) of the RSUs subject to this grant under the Plan vest on each of the first three (3) anniversaries of the grant date, in each case subject to continued employment through such vesting date.