Phillip E. Lee - 08 Dec 2023 Form 4 Insider Report for Vaxart, Inc. (VXRT)

Role
Chief Financial Officer
Signature
/s/ Edward Berg, Attorney-in-Fact
Issuer symbol
VXRT
Transactions as of
08 Dec 2023
Net transactions value
-$28,701
Form type
4
Filing time
20 Mar 2024, 20:10:15 UTC
Previous filing
14 Jun 2023
Next filing
13 Jun 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 Tax liability $24,957 -35,151 -18% $0.7100 157,751 08 Dec 2023 Direct F1, F2
transaction VXRT Common Stock Tax liability $3,744 -5,943 -3.8% $0.6300* 151,808 15 Dec 2023 Direct F1, F3
transaction VXRT Common Stock Award $0 +90,000 +59% $0.000000 241,808 18 Mar 2024 Direct F4

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 +410,000 $0.000000 410,000 18 Mar 2024 Common Stock 410,000 $1.16 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction is being reported late due to administrative oversight.
F2 Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs vested as of December 8, 2023.
F3 Represents shares that have been withheld by the Issuer to satisfy its income tax and withholding and remittance obligations in connection with the net settlement of RSUs vested as of December 15, 2023.
F4 Grant of shares upon vesting of restricted stock units. Twenty five percent of the shares underlying the award shall vest on each anniversary of the vesting commencement date of March 18, 2024, so that the restricted stock units would be fully vested on the fourth anniversary of the vesting commencement date.
F5 The shares subject to this stock option shall vest as to 25% of the shares underlying the grant on March 18, 2025, the first anniversary of the date that vesting commenced, and thereafter in 36 equal monthly installments such that the stock option shall be fully vested on March 18, 2028.