Novavax CEO Jacobs exercises RSUs, shares withheld
Jacobs John C reported disposition transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Jacobs John C reported disposition transactions in this Form 4 filing.
Novavax Inc. President and CEO John C. Jacobs exercised 83,197 Restricted Stock Units into an equal number of common shares on January 23, 2026. On the same date, 39,132 common shares were delivered to satisfy tax obligations. Following these transactions, he holds 180,797 common shares directly.
Insider Trade Summary
83,197 shares exercised/converted
Exercise
3 txns
Insider
Jacobs John C
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 83,197 | $0.00 | $0.00 |
| Exercise | Common Stock | 83,197 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 39,132 | $9.17 | $359K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 180,797 shares (Direct)
Footnotes (1)
- F1. One-third (1/3) of the RSUs subject to this grant under the Plan vest on each of the first three (3) anniversaries of the grant date, in each case subject to continued employment through such vesting date.
Key Figures
RSUs exercised: 83,197 shares
Shares withheld for taxes: 39,132 shares
Tax withholding price: $9.17 per share
+1 more
4 metrics
RSUs exercised
83,197 shares
Restricted Stock Units converted to common stock on January 23, 2026
Shares withheld for taxes
39,132 shares
Common shares delivered to satisfy tax obligations related to RSU vesting
Tax withholding price
$9.17 per share
Per-share value of common stock used in the tax-withholding disposition
Post-transaction holdings
180,797 shares
Direct Novavax common stock holdings of John C. Jacobs after reported transactions
Key Terms
Restricted Stock Units, tax-withholding disposition, derivative security, grant date
4 terms
Restricted Stock Units financial
"Jacobs exercised 83,197 Restricted Stock Units into common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"39,132 shares were reported as a tax-withholding disposition."
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"The RSUs are classified as a derivative security in the report."
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
grant date financial
"RSUs vest on each of the first three anniversaries of the grant date."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Novavax (NVAX) CEO John C. Jacobs report in this Form 4?
He exercised 83,197 Restricted Stock Units into common stock and had 39,132 shares withheld for taxes. These transactions occurred on January 23, 2026, and after them he directly owns 180,797 Novavax common shares, as reported to the SEC on Form 4 for insider compliance purposes.
What type of securities did the Novavax (NVAX) CEO exercise in this report?
He exercised Restricted Stock Units (RSUs) that settled into 83,197 shares of Novavax common stock. Under the plan, one-third of the RSUs vest on each of the first three anniversaries of the grant date, subject to continued employment and any applicable tax obligations.
When did the Novavax (NVAX) CEO's RSUs convert into common stock?
The RSU exercise and related common share transactions occurred on January 23, 2026. On that date, 83,197 RSUs converted into common stock and 39,132 shares were delivered to cover taxes, as disclosed in John C. Jacobs' Form 4 insider transaction report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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