Vaxart, Inc.·4

Mar 26, 4:52 PM ET

Lo Steven 4

Research Summary

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Vaxart (VXRT) CEO Steven Lo Surrenders 126,028 Shares for Taxes

What Happened
Steven Lo, President, CEO and a director of Vaxart, had 126,028 shares withheld by the company on March 24, 2026 to satisfy income tax withholding related to vested restricted stock units (RSUs). The withheld shares are reported at $0.69 per share, totaling $87,463. This was a tax-withholding/net settlement transaction (code F), not an open-market sale.

Key Details

  • Transaction date: 2026-03-24; Form 4 filed: 2026-03-26 (filed timely).
  • Shares withheld/disposed: 126,028 at $0.69 per share; total value shown: $87,463.
  • Transaction code: F — shares withheld to satisfy tax withholding on net-settled RSUs.
  • Footnote: Issuer withheld shares to meet its income tax withholding and remittance obligations for RSUs vested as of March 24, 2026.
  • Shares owned after the transaction: not specified in the provided filing excerpt.

Context
This is a routine internal tax-withholding action tied to vested RSUs (a net settlement), not an open-market sale. Such withholdings are common when companies settle equity awards and generally do not signal insider buying or selling intent.