Form 4: Novavax Director Gregg H. Alton Reports Stock Transactions
SEC Form 4 Filing
Director Gregg H. Alton of Novavax Inc. reports the acquisition and disposal of common stock and derivative securities.
Summary
- On June 12, 2024, Gregg H. Alton, a director of Novavax Inc., reported transactions involving the company's stock.
- Alton disposed of 6,670 shares of common stock.
- Following the reported transactions, Alton beneficially owns 10,470 shares of common stock.
- Alton also reported transactions involving restricted stock units and stock options.
- Alton acquired 15,630 stock options with an exercise price of $15.86, exercisable from June 12, 2025, to June 12, 2034.
- Alton acquired 10,420 restricted stock units, vesting from June 12, 2025, to June 12, 2034.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding the director's view of the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 06/12/2024 | Date of earliest transaction and various derivative security transactions. |
| 06/12/2025 | Earliest exercisable date for stock options and restricted stock units. |
| 06/12/2033 | Expiration date for restricted stock units. |
| 06/12/2034 | Expiration date for stock options and restricted stock units. |
| 06/14/2024 | Date of signature by Attorney-in-Fact. |
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