Vaxart, Inc.·4

Mar 20, 3:16 PM ET

Berg Edward B 4

Research Summary

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Vaxart SVP Edward Berg Withholds 8,072 Shares for Taxes

What Happened

  • Edward B. Berg, SVP and General Counsel of Vaxart, had 8,072 shares withheld by the company on March 18, 2026 to satisfy income tax withholding related to RSUs that vested that day. The withheld shares are recorded as a disposition (code F) and equal $5,122 based on a $0.63 per-share value.
  • This was a tax-withholding/net settlement of restricted stock units, not an open-market sale by the insider.

Key Details

  • Transaction date: March 18, 2026; Form 4 filed March 20, 2026 (timely).
  • Transaction type/code: F — shares withheld to satisfy tax withholding obligations on vested RSUs.
  • Shares withheld/disposed: 8,072 at $0.63 per share; total value $5,122.
  • Shares owned after transaction: not specified in the information provided; footnote indicates holdings include 70,781 shares acquired under the 2022 Employee Stock Purchase Plan (see F2).
  • Footnotes: F1 confirms the shares were withheld by the issuer to satisfy income tax withholding for net-settled RSUs vested March 18, 2026. F2 notes that reported holdings include 70,781 ESPP shares.

Context

  • Withholding shares to cover taxes is a common administrative action when RSUs vest and generally does not signal a deliberate insider sale into the market. The shares were retained by the issuer for tax remittance rather than sold on the open market.