Transaction Details

Footnotes

The shares subject to this option grant under the Novavax, Inc. (the "Company") Amended and Restated 2015 Stock Incentive Plan, as amended (the "Plan"), will vest with respect to one-third (1/3) of the shares on each of the first three (3) anniversaries of the April 25, 2025 grant date (the "Grant Date"), in each case subject to continued service on the Company's Board of Directors through such vesting date. | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Company common stock. | The RSUs subject to this grant under the Plan will vest with respect to one-third (1/3) of the RSUs on each of the first three (3) anniversaries of the Grant Date, in each case subject to continued service on the Company's Board of Directors through such vesting date.