Phillip E. Lee - 12 Jun 2023 Form 4 Insider Report for Vaxart, Inc. (VXRT)

Role: Chief Financial Officer
Signature: /s/ Edward Berg, Attorney-in-Fact for Phillip Lee
Issuer symbol: VXRT
Transactions as of: 12 Jun 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Jun 2023, 21:02:41 UTC
Previous filing: 11 May 2023
Next filing: 20 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VXRT	Common Stock	Award	$0	+22,500	+13%	$0.000000	192,902	12 Jun 2023	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)	Award	$0	+102,500		$0.000000	102,500	12 Jun 2023	Common Stock	102,500	$0.8800	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Grant of shares upon vesting of restricted stock units ("RSUs"). The RSUs vest as to 25% of the shares underlying the award on each anniversary of June 12, 2023 (the "Start Date"), so that the RSUs would be fully vested on the fourth anniversary of the Start Date.
F2	The shares subject to this stock option shall vest as to 25% of the shares underlying the grant on June 12, 2024, the first anniversary of the Start Date, and thereafter in 36 equal monthly installments such that the stock option shall be fully vested on June 12, 2027.