GRANT PICKERING - 23 Jan 2024 Form 4 Insider Report for Vaxcyte, Inc. (PCVX)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Ron A. Metzger, Attorney-in-Fact
Issuer symbol
PCVX
Transactions as of
23 Jan 2024
Net transactions value
-$937,183
Form type
4
Filing time
25 Jan 2024, 17:50:36 UTC
Previous filing
04 Jan 2024
Next filing
31 Jan 2024
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 $120 +3,000 +0.8% $0.0400* 378,814 23 Jan 2024 Direct
transaction PCVX Common Stock Options Exercise $21,480 +12,000 +3.2% $1.79* 390,814 23 Jan 2024 Direct
transaction PCVX Common Stock Sale $185,726 -2,938 -0.75% $63.22 387,876 23 Jan 2024 Direct F1, F2
transaction PCVX Common Stock Sale $640,971 -10,023 -2.6% $63.95 377,853 23 Jan 2024 Direct F1, F3
transaction PCVX Common Stock Sale $132,086 -2,039 -0.54% $64.78 375,814 23 Jan 2024 Direct F1, F4
holding PCVX Common Stock 151,286 23 Jan 2024 By Children's Trust F5
holding PCVX Common Stock 151,286 23 Jan 2024 By Children's Trust F6

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 -82% $0.000000 663 23 Jan 2024 Common Stock 3,000 $0.0400 Direct F7
transaction PCVX Stock Option (Right to Buy) Options Exercise $0 -12,000 -10% $0.000000 105,225 23 Jan 2024 Common Stock 12,000 $1.79 Direct F7
* 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 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on June 26, 2023.
F2 The price reported is a weighted-average price. The shares were sold at prices ranging from $62.625 to $63.61. 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.
F3 The price reported is a weighted-average price. The shares were sold at prices ranging from $63.66 to $64.625. 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 $64.70 to $64.975. 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 Shares are held directly by a trust for the benefit of the Reporting Person's daughter.
F6 Shares are held directly by a trust for the benefit of the Reporting Person's son.
F7 Stock Option is fully vested and exercisable.