Evaxion A/S (EVAX) lists share and warrant holdings in initial Form 3

Rhea-AI Filing Summary

Evaxion A/S filed a Form 3 as a director of Evaxion A/S, detailing its existing holdings in ordinary shares and warrants rather than new trades. The company reports direct ownership of 3,361,687 Ordinary Shares and additional indirect holdings through related entities and family members.

Evaxion A/S also discloses multiple series of warrants over Ordinary Shares with exercise prices ranging from 0.0590 to 5.3800 and expirations between 2026-12-21 and 2036-12-31. Some warrants and shares are held indirectly via Sogaard & Jansen ApS and family members of Ms. Sogaard, as described in the footnotes. The filing reflects reported positions only and does not show any buy or sell transactions.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Evaxion A/S

(Last) (First) (Middle)

DR. NEERGAARDS VEJ 5F

(Street)

HORSHOLM DK-2970

(City) (State) (Zip)

DENMARK

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Evaxion A/S [ EVAX ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares	3,361,687	D
Ordinary Shares	238,971	I	By Sogaard & Jansen ApS(1)
Ordinary Shares	50,157	I	By Michael Jansen(2)
Ordinary Shares	900	I	By Caroline Jansen(3)
Ordinary Shares	900	I	By William Jansen(4)
Ordinary Shares	210,500	I	By Svend Jansen(5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants(6)	12/21/2023	12/21/2026	Ordinary Shares	275,735	$0.74	D
Warrants(6)	12/21/2023	12/21/2026	Ordinary Shares	238,971	$0.74	I	By Sogaard & Jansen ApS(1)
Warrants(6)	12/21/2023	12/21/2026	Ordinary Shares	36,765	$0.74	I	By Michael Jansen(2)
Warrants(6)	12/21/2023	12/21/2026	Ordinary Shares	183,824	$0.74	I	By Svend Jansen(5)
Warrants(7)	01/31/2025	01/31/2030	Ordinary Shares	691,850	$0.059	D
Warrants(7)	01/31/2025	01/31/2030	Ordinary Shares	645,750	$0.059	I	By Sogaard & Jansen ApS(1)
Warrants(7)	01/31/2025	01/31/2030	Ordinary Shares	184,500	$0.059	I	By Michael Jansen(2)
Warrants	01/01/2018	12/31/2036	Ordinary Shares	11,952	$0.1	D
Warrants	01/01/2019	12/31/2031	Ordinary Shares	56,556	$0.1	D
Warrants	01/01/2020	12/31/2031	Ordinary Shares	25,812	$0.1	D
Warrants	01/01/2021	12/31/2031	Ordinary Shares	9,167	$5.38	D
Warrants	01/01/2022(8)	12/31/2031	Ordinary Shares	10,000	$2.23	D
Warrants	01/01/2023(8)	12/31/2031	Ordinary Shares	75,000	$0.75	D
Warrants	01/01/2024(8)	12/31/2031	Ordinary Shares	40,000	$0.4	D
Warrants	01/01/2024(8)	12/31/2031	Ordinary Shares	125,000	$0.07	D

Explanation of Responses:

1. Ms. Sogaard's spouse, Michael Jansen, is a control person of such entity. Ms. Sogaard is also a part owner of this entity.

2. Michael Jansen is Ms. Sogaard's spouse.

3. Caroline Jansen is Ms. Sogaard's family member.

4. William Jansen is Ms. Sogaard's family member.

5. Svend Jansen is Ms. Sogaard's family member.

6. Warrants pursuant to private placement that closed 12/21/2023.

7. Warrants pursuant to public offering that closed 1/31/2025.

8. Vesting is 1/12 per month over 12 months from the initial exercise date indicated.

Remarks:

Exhibit List - Exhibit 24.1 Power of Attorney. This initial holding statement has been made for Marianne Soegaard using the Issuer's CIK codes to satisfy Form 3 filing requirements. An amendment will be filed for Ms. Soegaard upon receipt of her CIK filer codes from the SEC.

	/s/ Michael Baird, Attorney-in-Fact	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does Evaxion A/S (EVAX) report in this Form 3 filing?

Evaxion A/S reports its existing ownership of Ordinary Shares and warrants, not new trades. The filing lists direct and indirect positions, including shares and warrants held via related entities and family members, establishing the company’s starting ownership status as a director-level reporting person.

How many Evaxion A/S (EVAX) ordinary shares are held directly and indirectly?

Evaxion A/S shows direct ownership of 3,361,687 Ordinary Shares. It also reports indirect holdings, including 238,971 Ordinary Shares by Sogaard & Jansen ApS and additional smaller positions by Michael, Caroline, William, and Svend Jansen, reflecting family-related and entity-based ownership.

What warrant positions does Evaxion A/S (EVAX) disclose in the Form 3?

The company lists several warrant series over Ordinary Shares with exercise prices from 0.0590 to 5.3800 and expirations between 2026-12-21 and 2036-12-31. These include both direct and indirect holdings, each tied to a specific underlying Ordinary Share amount.

Are there any buy or sell transactions in Evaxion A/S (EVAX) Form 3?

No. The Form 3 entries are labeled as holdings with unknown transaction codes and a neutral net buy/sell direction. This indicates the filing is an initial statement of beneficial ownership, not a record of new purchases, sales, or option exercises during the reported date.

How is Sogaard & Jansen ApS related to Evaxion A/S (EVAX) holdings?

The filing notes that certain ordinary share and warrant holdings are indirectly owned "By Sogaard & Jansen ApS." A footnote explains Ms. Sogaard’s spouse, Michael Jansen, is a control person of that entity and Ms. Sogaard is also a part owner, linking these positions to the reporting person.

What do the family-related footnotes mean in Evaxion A/S (EVAX) Form 3?

Footnotes identify Michael, Caroline, William, and Svend Jansen as spouse or family members of Ms. Sogaard. Ordinary Shares and warrants held in their names are reported as indirect holdings, clarifying that these positions are associated with the reporting person through family relationships.