Novavax director granted RSUs and stock options
Novavax director Richard Douglas reported equity compensation activity, not open-market trading.
Rhea-AI Filing Summary
Novavax director Richard Douglas reported equity compensation activity, not open-market trading. On June 20, 2026, he exercised 18,880 restricted stock units, receiving the same number of Novavax common shares at no cash cost, bringing his direct holdings to 73,220 shares.
On June 18, 2026, he was granted 14,180 new restricted stock units and a stock option for 21,270 shares with a $9.13 exercise price. Footnotes state that 100% of these RSUs and options vest on the first anniversary of the grant date, subject to his continued service on the board.
Insider Trade Summary
18,880 shares exercised/converted
Exercise
4 txns
Insider
DOUGLAS RICHARD
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 — 73,220 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 shares
Shares owned after exercise: 73,220 shares
New RSU grant: 14,180 RSUs
+2 more
5 metrics
RSUs exercised
18,880 shares
RSUs converted to Novavax common stock on June 20, 2026
Shares owned after exercise
73,220 shares
Direct Novavax common stock holdings following June 20, 2026 transaction
New RSU grant
14,180 RSUs
RSUs granted June 18, 2026, vesting after one year of board service
New stock option grant
21,270 options
Stock option for Novavax common shares granted June 18, 2026
Option exercise price
$9.13 per share
Exercise price for 21,270-share stock option expiring June 18, 2036
Key Terms
Restricted Stock Units, Stock Option (Right to Buy), Amended and Restated 2015 Stock Incentive Plan, vesting
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share..."
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
"security_title": "Stock Option (Right to Buy)""
Amended and Restated 2015 Stock Incentive Plan financial
"option grant under the Amended and Restated 2015 Stock Incentive Plan, as amended..."
vesting financial
"will vest on the first anniversary of the June 18, 2026 grant date subject to continued service..."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Novavax (NVAX) director Richard Douglas report?
Richard Douglas reported equity compensation activity, not market trades. He exercised 18,880 previously granted RSUs into common shares and received new grants of 14,180 RSUs plus options for 21,270 shares under Novavax’s stock incentive plan.
What new restricted stock units did Richard Douglas receive from Novavax (NVAX)?
On June 18, 2026, Richard Douglas received 14,180 restricted stock units. Each RSU represents a contingent right to receive one Novavax common share, vesting 100% on the first anniversary of the grant date if he continues serving on the board.
What stock options were granted to Richard Douglas by Novavax (NVAX)?
Novavax granted Richard Douglas a stock option for 21,270 shares of common stock at a $9.13 exercise price. The option vests 100% on the first anniversary of the June 18, 2026 grant date, contingent on continued board service through that date.
Were Richard Douglas’s Novavax (NVAX) Form 4 transactions open-market buys or sells?
The reported transactions were equity compensation moves, not open-market trades. They include RSU exercises and grants of RSUs and stock options, all coded as acquisitions (A or M), with no reported open-market purchases or sales in this Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
