Novavax (NVAX) director exercises RSUs for 9,520 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Novavax Inc. director Charles W. Newton acquired common shares through an RSU-related transaction. On April 25, 2026, he exercised derivative rights linked to Restricted Stock Units (RSUs), resulting in ownership of 9,520 shares of Novavax common stock held directly after the transaction.
Each RSU represents a contingent right to receive one share of Novavax common stock. According to the grant terms, the RSUs will vest in three equal annual installments, with one-third of the RSUs scheduled to vest on each of the first three anniversaries of April 25, 2025, subject to his continued service on the company’s Board of Directors.
Positive
- None.
Negative
- None.
Insider Trade Summary
9,520 shares exercised/converted
Mixed
2 txns
Insider
Newton Charles W.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 9,520 | $0.00 | -- |
| Exercise | Common Stock | 9,520 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 19,040 shares (Direct, null);
Common Stock — 9,520 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock. The RSUs subject to this grant under the Plan will vest with respect to one-third (1/3) of the RSUs on each of the first three (3) anniversaries of April 25, 2025, in each case subject to continued service on the Company's Board of Directors through such vesting date.
Key Figures
Common shares acquired: 9,520 shares
Common shares held after: 9,520 shares
RSUs in transaction: 9,520 RSUs
+2 more
5 metrics
Common shares acquired
9,520 shares
Shares received via derivative exercise on April 25, 2026
Common shares held after
9,520 shares
Direct ownership following reported transactions
RSUs in transaction
9,520 RSUs
Restricted Stock Units linked to common stock conversion
RSU vesting start date
April 25, 2025
First of three annual vesting anniversaries
RSU vesting pattern
One-third per year
Vests on first three anniversaries of April 25, 2025
Key Terms
Restricted Stock Units, RSU, contingent right, vest, +1 more
5 terms
Restricted Stock Units financial
"The RSUs subject to this grant under the Plan will vest with respect to one-third"
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to receive one share of Company common stock"
vest financial
"The RSUs subject to this grant under the Plan will vest with respect to one-third"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
continued service financial
"subject to continued service on the Company's Board of Directors through such vesting date"
FAQ
What insider transaction did Novavax (NVAX) director Charles W. Newton report?
Charles W. Newton reported acquiring Novavax common stock through an RSU-related exercise. He now directly holds 9,520 shares of common stock after converting Restricted Stock Units, according to the Form 4 insider filing for the April 25, 2026 transaction date.
What are the terms of Charles W. Newton’s Novavax (NVAX) RSU grant?
Each RSU represents a contingent right to receive one Novavax common share. The RSUs vest in three equal installments, with one-third vesting on each of the first three anniversaries of April 25, 2025, subject to his continued service on the Board of Directors.
Did the Novavax (NVAX) Form 4 report a stock sale by Charles W. Newton?
The Form 4 does not report any open-market stock sales by Charles W. Newton. It shows derivative exercises related to Restricted Stock Units, which increased his direct holdings of Novavax common stock to 9,520 shares following the April 25, 2026 transactions.
How many Restricted Stock Units were involved in Charles W. Newton’s Novavax (NVAX) transaction?
The filing shows 9,520 Restricted Stock Units tied to the derivative transaction, each convertible into one Novavax common share. These RSUs are subject to a vesting schedule based on three annual installments beginning on April 25, 2025.