Dhaliwal Harpreet S. 4
4 · Vaxcyte, Inc. · Filed Mar 2, 2026
Research Summary
AI-generated summary of this filing
Vaxcyte (PCVX) Chief Technical Ops Officer Harpreet Dhaliwal Receives Awards, Surrenders Shares
What Happened Harpreet S. Dhaliwal, Chief Technical Operations Officer of Vaxcyte (PCVX), was granted equity awards on 2026-02-26 and surrendered shares to cover tax withholding. The filing shows 53,409 restricted stock units (RSUs) and a derivative award covering 46,424 shares granted at $0.00. Separately, Dhaliwal surrendered 292 shares on 2026-02-28 (disposed) at $61.98/share for $18,098 and 465 shares on 2026-03-02 (disposed) at $61.98/share for $28,821 — a total of 757 shares surrendered valued at $46,919. These disposals were for tax withholding, not open-market sales.
Key Details
- Transaction dates/prices: Grants on 2026-02-26 at $0.00; share surrenders 2026-02-28 (292 sh @ $61.98 = $18,098) and 2026-03-02 (465 sh @ $61.98 = $28,821).
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: The 53,409 RSUs each convert to one share; vesting is 1/4 on Sept 7, 2026 and 1/8 every six months thereafter (subject to service).
- F2: The reported disposals represent shares surrendered to the issuer to cover tax withholding upon RSU vesting.
- F3: The 46,424 derivative award vests 1/48 on March 26, 2026 and 1/48 monthly thereafter (subject to service).
- Filing date: Form 4 filed 2026-03-02. No late-filing flag is indicated in the provided data.
Context
- The awards at $0.00 are standard equity grants (RSUs and a time‑based derivative/option schedule) and represent compensation, not purchases.
- The 757-share disposals were surrendered to cover tax obligations (cashless withholding), a routine administrative action that does not necessarily indicate selling activity or a change in sentiment.
Insider Transaction Report
Form 4
Vaxcyte, Inc.PCVX
Dhaliwal Harpreet S.
Chief Technical Ops Officer
Transactions
- Award
Common Stock
[F1]2026-02-26+53,409→ 77,337 total - Tax Payment
Common Stock
[F2]2026-02-28$61.98/sh−292$18,098→ 77,045 total - Tax Payment
Common Stock
[F2]2026-03-02$61.98/sh−465$28,821→ 76,580 total - Award
Stock Option (right to buy)
[F3]2026-02-26+46,424→ 46,424 totalExercise: $60.00Exp: 2036-02-26→ Common Stock (46,424 underlying)
Footnotes (3)
- [F1]Represents the number of shares of Common Stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's Common Stock. The RSUs vest as to 1/4 of the shares subject to the award on September 7, 2026 and 1/8 of the shares every six months thereafter, subject to Reporting Person's continuous service with the Issuer through each such date.
- [F2]Represents shares surrendered to the Issuer to cover applicable tax withholding obligations realized upon the vesting of RSUs.
- [F3]1/48 of shares subject to the option vest on March 26, 2026, and 1/48 of the shares vest monthly thereafter, subject to Reporting Person's continuous service with the Issuer through each such date.
Signature
Harpreet S. Dhaliwal, by /s/ Peter N. Efremenko, Attorney-In-Fact|2026-03-02