Margaret Echerd - 10 Sep 2021 Form 4 Insider Report for Vaxart, Inc. (VXRT)

Role
SVP, Principal Accntng Officer
Signature
/s/ Margaret Echerd
Issuer symbol
VXRT
Transactions as of
10 Sep 2021
Net transactions value
-$13,533
Form type
4
Filing time
13 Sep 2021, 19:29:40 UTC
Previous filing
11 Aug 2021
Next filing
01 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VXRT Common Stock Options Exercise $1,727 +334 $5.17* 334 10 Sep 2021 Direct
transaction VXRT Common Stock Options Exercise $1,130 +1,467 +439% $0.7700 1,801 10 Sep 2021 Direct
transaction VXRT Common Stock Sale $16,389 -1,801 -100% $9.10* 0 10 Sep 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 -334 -13% $0.000000 2,333 10 Sep 2021 Common Stock 334 $5.17 Direct F2
transaction VXRT Stock Option (Right to Buy) Options Exercise $0 -1,467 -4.8% $0.000000 29,352 10 Sep 2021 Common Stock 1,467 $0.7700 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.