Novavax (NVAX)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	283.36 mm	283.36 mm	283.36 mm	283.36 mm	283.36 mm	283.36 mm
Cash burn (monthly)	(no burn)	25.44 mm	67.68 mm	(no burn)	(no burn)	31.53 mm
Cash used (since last report)	n/a	109.20 mm	290.56 mm	n/a	n/a	135.35 mm
Cash remaining	n/a	174.15 mm	-7.21 mm	n/a	n/a	148.00 mm
Runway (months of cash)	n/a	6.8	-0.1	n/a	n/a	4.7

Beta Read what these cash burn values mean

Financial data from Novavax earnings reports.

Institutional ownership, Q4 2024

NVAX institutional ownership history Ownership history

67.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	240	244	-1.6%
Opened positions	43	39	+10.3%
Closed positions	47	33	+42.4%
Increased positions	78	63	+23.8%
Reduced positions	54	64	-15.6%

13F shares	Current	Prev Q	Change
Total value	801.71 bn	1.15 tn	-30.1%
Total shares	109.22 mm	100.34 mm	+8.8%
Total puts	8.74 mm	9.38 mm	-6.8%
Total calls	5.32 mm	6.86 mm	-22.5%
Total put/call ratio	1.6	1.4	+20.2%

Largest owners	Shares	Value	Change
Vanguard	15.73 mm	$126.44 bn	+1.9%
BLK BlackRock	13.45 mm	$108.14 bn	+7.3%
Shah Capital Management	11.15 mm	$89.64 bn	+13.6%
STT State Street	7.70 mm	$61.92 bn	+0.2%
SNY Sanofi	6.88 mm	$55.32 bn	NEW
SK Bioscience	6.50 mm	$85.22 mm	0.0%
D. E. Shaw & Co.	5.79 mm	$46.55 bn	-2.5%
MS Morgan Stanley	4.94 mm	$39.72 bn	+218.3%
UBS UBS	4.85 mm	$39.01 bn	+823.5%
Geode Capital Management	3.66 mm	$29.41 bn	+4.4%

Largest transactions	Shares	Bought/sold	Change
SNY Sanofi	6.88 mm	+6.88 mm	NEW
UBS UBS	4.85 mm	+4.33 mm	+823.5%
MS Morgan Stanley	4.94 mm	+3.39 mm	+218.3%
BMO Bank of Montreal	14.32 k	-2.44 mm	-99.4%
Coatue Management	0.00	-2.22 mm	EXIT
Deep Track Capital	2.00 mm	+2.00 mm	NEW
Shah Capital Management	11.15 mm	+1.33 mm	+13.6%
Two Sigma Advisers	779.70 k	-1.22 mm	-61.0%
BLK BlackRock	13.45 mm	+917.08 k	+7.3%
Jane Street	951.92 k	-886.89 k	-48.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NVAX insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
23 Jan 26	John C Jacobs	Common Stock	Payment of exercise	Dispose F	No	No	9.17	39,132	358.84 k	180,797
23 Jan 26	John C Jacobs	Common Stock	Option exercise	Acquire M	No	No	0	83,197	0.00	219,929
23 Jan 26	John C Jacobs	RSU Common Stock	Option exercise	Dispose M	No	No	0	83,197	0.00	0
11 Dec 25	Casey Mark J	Common Stock	Payment of exercise	Dispose F	No	No	6.69	12,713	85.05 k	61,159
11 Dec 25	Casey Mark J	Common Stock	Option exercise	Acquire M	No	No	0	41,899	0.00	73,972
11 Dec 25	Casey Mark J	RSU Common Stock	Option exercise	Dispose M	No	No	0	41,899	0.00	41,899
11 Nov 25	Ruxandra Draghia-Akli	Common Stock	Payment of exercise	Dispose F	No	No	7.4	6,048	44.76 k	8,209
11 Nov 25	Ruxandra Draghia-Akli	Common Stock	Option exercise	Acquire M	No	No	0	14,257	0.00	14,257
11 Nov 25	Ruxandra Draghia-Akli	RSU Common Stock	Sale back to company	Dispose D	No	No	0	14,257	0.00	28,513
29 Oct 25	Rodgers Richard J	Common Stock	Option exercise	Acquire M	No	No	0	3,800	0.00	28,490

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.