4//SEC Filing
Floroiu Cezar Andrei 4
Accession 0001437749-20-013329
CIK 0000072444other
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 4:49 PM ET
Size
8.9 KB
Accession
0001437749-20-013329
Insider Transaction Report
Form 4
Vaxart, Inc.VXRT
Floroiu Cezar Andrei
Director
Transactions
- Award
Stock Option (right to buy)
2020-06-15+900,000→ 900,000 totalExercise: $2.46Exp: 2030-06-14→ Common Stock (900,000 underlying) - Award
Stock Option (right to buy)
2020-06-15+845,280→ 845,280 totalExercise: $2.46Exp: 2030-06-14→ Common Stock (845,280 underlying)
Footnotes (2)
- [F1]The option vests over a four-year period, with 25% of the shares subject to the option vesting on the first anniversary of the vesting commencement date of June 15, 2020 (the "Grant Date") and the remaining shares subject to the option vesting in equal monthly installments over the next 36 months. The option is subject to accelerated vesting with respect to 50% of any then-unvested option shares upon a substantial strategic agreement, as determined by the Board, and to accelerated vesting in full in the event of a "Change in Control" (as defined under the Company's 2019 Equity Incentive Plan).
- [F2]The shares subject to this option shall vest as follows: (i) one-third if the Company achieves a per share closing price equal to $5.00 or more during any 10-consecutive trading days after the Grant Date but before November 30, 2020, or such later date as determined by the Board (the "Reference Date"), (ii) one-third if the Company achieves a per share closing price equal to $7.50 or more during any 10-consecutive trading days after the Grant Date but before the Reference Date, and (iii) one-third if the Company achieves a per share closing price equal to $10.00 or more during any 10-consecutive trading days after the Grant Date but before the Reference Date, in each case subject to continued employment. In the event a Change in Control occurs before the Reference Date, any unvested portion of the Performance-Based Option will vest in accordance with the above schedule based on the Company attaining the specified stock price immediately prior to the closing of such transaction.
Documents
Issuer
Vaxart, Inc.
CIK 0000072444
Entity typeother
Related Parties
1- filerCIK 0001808794
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 4:49 PM ET
- Size
- 8.9 KB