BREITMEYER JAMES B 4

What Happened
James B. Breitmeyer, a director of Vaxart, Inc. (VXRT), received equity awards on April 23, 2026: 78,800 shares granted at $0.00 and a 157,400-share derivative award (also recorded at $0.00). Neither award involved cash payment at grant; both are subject to time-based vesting and therefore are awards rather than open-market purchases or sales.

Key Details

• Transaction date: 2026-04-23; Form 4 filed 2026-05-01 (filing marked late).
• Grants: 78,800 shares @ $0.00 (award of shares/RSUs) and 157,400-share derivative award @ $0.00.
• Vesting: Both awards vest in equal installments on each of the first three anniversaries of the grant date, subject to Breitmeyer’s continuing service on the Board (per footnotes).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Timeliness: Filing was late due to delays in receiving EDGAR access codes (Form 4 remarks).

Context
These are equity awards (restricted stock units and a derivative/option-style grant) that vest over time and do not represent an immediate cash purchase or sale. Such grants are standard compensation for board service; they do not necessarily signal the director buying or selling shares today. Because the filing was late (transactionTimeliness = 'L'), check the full Form 4 on EDGAR for complete ownership totals and any additional disclosures.