Form 4: Novavax EVP, CFO and Treasurer James Patrick Kelly Reports Transaction
SEC Form 4 Filing
James Patrick Kelly, EVP, CFO and Treasurer of Novavax, reports a transaction involving common stock and restricted stock units on March 10, 2024.
Summary
- On March 10, 2024, James Patrick Kelly, the EVP, CFO, and Treasurer of Novavax, engaged in transactions involving Novavax common stock and restricted stock units (RSUs).
- Kelly disposed of 4,608 shares of common stock to cover taxes upon the vesting of restricted stock units.
- Additionally, Kelly disposed of 2,226 shares of common stock at a price of $5.45.
- Following these transactions, Kelly directly owns 13,285 shares of Novavax common stock and 4,608 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting insider transactions, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 03/10/2022 | Grant date of the Restricted Stock Units (RSUs) under the Company's Amended and Restated 2015 Stock Incentive Plan, as amended, vested or will vest with respect to one-third (1/3) of the RSUs on each of the first three (3) anniversaries of the March 10, 2022 grant date, in each case subject to continued employment through such vesting date. |
| 03/10/2024 | Date of transaction involving common stock and restricted stock units. |
| 03/12/2024 | Date of signature by Attorney-in-Fact. |
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