Novavax director exercises RSUs, gets new grants
Novavax director Richard J. Rodgers reported equity compensation activity and an RSU vesting-related exercise.
Rhea-AI Filing Summary
Novavax director Richard J. Rodgers reported equity compensation activity and an RSU vesting-related exercise. On June 20, 2026, he exercised 18,880 restricted stock units into 18,880 shares of common stock, bringing his direct common stock holdings to 47,370 shares.
Two days earlier, on June 18, 2026, he received grants of 14,180 new RSUs and 21,270 stock options with a $9.13 exercise price, each tied to the company’s Amended and Restated 2015 Stock Incentive Plan. Both the new RSUs and options vest 100% on the first anniversary of the June 18, 2026 grant date, subject to continued board service. The RSU exercise reflects full vesting of a prior June 20, 2025 RSU grant.
Insider Trade Summary
18,880 shares exercised/converted
Exercise
4 txns
Insider
Rodgers Richard J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 18,880 | $0.00 | $0.00 |
| Exercise | Common Stock | 18,880 | $0.00 | $0.00 |
| Grant/Award | Stock Option (Right to Buy) | 21,270 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 14,180 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Option (Right to Buy) — 21,270 contracts (Direct);
Restricted Stock Units — 14,180 contracts (Direct);
Common Stock — 47,370 shares (Direct)
Footnotes (4)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Novavax, Inc. (the "Company") common stock.
- F2. One hundred percent (100%) of the shares subject to this option grant under the Amended and Restated 2015 Stock Incentive Plan, as amended, will vest on the first anniversary of the June 18, 2026 grant date subject to continued service on the Company's Board of Directors through the vesting date.
- F3. One hundred percent (100%) of the RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, will vest on the first anniversary of the June 18, 2026 grant date subject to continued service on the Company's Board of Directors through the vesting date.
- F4. One hundred percent (100%) of the RSUs subject to this grant under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, vested on the first anniversary of the June 20, 2025 grant date subject to continued service on the Company's Board of Directors through the vesting date
Key Figures
RSUs exercised: 18,880 units
Common shares held after exercise: 47,370 shares
New RSU grant: 14,180 units
+3 more
6 metrics
RSUs exercised
18,880 units
RSUs converted to common stock on June 20, 2026
Common shares held after exercise
47,370 shares
Direct holdings following June 20, 2026 transaction
New RSU grant
14,180 units
Granted June 18, 2026, vesting after one year
New stock option grant
21,270 options
Granted June 18, 2026 under 2015 Stock Incentive Plan
Option exercise price
$9.13 per share
Strike price for 21,270 stock options expiring June 18, 2036
RSU vesting from prior grant
100% vesting
RSUs from June 20, 2025 grant fully vested after one year
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), Amended and Restated 2015 Stock Incentive Plan, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"The filing reports transactions in Restricted Stock Units and their conversion."
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.
Stock Option (Right to Buy) financial
"One transaction involves a Stock Option (Right to Buy) with a $9.13 price."
Amended and Restated 2015 Stock Incentive Plan financial
"The grants were made under the Amended and Restated 2015 Stock Incentive Plan."
Exercise or conversion of derivative security financial
"The RSU exercise is coded as an exercise or conversion of derivative security."
Grant, award, or other acquisition financial
"The June 18, 2026 RSU and option entries are described as grant, award, or other acquisition."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Novavax (NVAX) director Richard J. Rodgers report?
Richard J. Rodgers reported equity compensation-related activity, including exercising 18,880 restricted stock units into common shares and receiving new grants of 14,180 RSUs and 21,270 stock options. All transactions were acquisitions, with no open-market buys or sales disclosed in this filing.
What RSU awards did Novavax (NVAX) grant to Richard J. Rodgers in June 2026?
On June 18, 2026, Richard J. Rodgers received a grant of 14,180 restricted stock units, each representing a right to one Novavax common share. According to the plan terms, 100% of these RSUs will vest on the first anniversary of the grant date, subject to continued board service.
What stock options did Novavax (NVAX) grant to Richard J. Rodgers and at what price?
Novavax granted Richard J. Rodgers 21,270 stock options on June 18, 2026, each exercisable for one share of common stock. The options carry a $9.13 exercise price and vest 100% on the first anniversary of the grant date, subject to continued service, and expire on June 18, 2036.
Were Richard J. Rodgers’ Novavax (NVAX) transactions market purchases or sales?
The reported transactions were not open-market trades. They consisted of an RSU vesting-related exercise converting 18,880 RSUs into shares and new grants of 14,180 RSUs plus 21,270 stock options. The filing shows no open-market buying or selling activity by Rodgers in this report.
AI-generated analysis. How Rhea-AI works. Not financial advice.
