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)	588.59 mm	588.59 mm	588.59 mm	588.59 mm	588.59 mm	588.59 mm
Cash burn (monthly)	35.66 mm	6.48 mm	44.67 mm	24.86 mm	48.27 mm	7.57 mm
Cash used (since last report)	170.37 mm	30.97 mm	213.45 mm	118.77 mm	230.65 mm	36.19 mm
Cash remaining	418.21 mm	557.62 mm	375.14 mm	469.82 mm	357.94 mm	552.40 mm
Runway (months of cash)	11.7	86.0	8.4	18.9	7.4	72.9

Beta Read what these cash burn values mean

Financial data from Novavax earnings reports.

Institutional ownership, Q4 2024

NVAX institutional ownership history Ownership history

68.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	239	244	-2.0%
Opened positions	42	40	+5.0%
Closed positions	47	31	+51.6%
Increased positions	77	64	+20.3%
Reduced positions	54	63	-14.3%

13F shares	Current	Prev Q	Change
Total value	801.82 bn	1.15 tn	-30.1%
Total shares	109.22 mm	100.35 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%
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%
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 25	John C Jacobs	Common Stock	Payment of exercise	Dispose F	No	No	9.55	38,873	371.24 k	91,849
23 Jan 25	John C Jacobs	Common Stock	Option exercise	Acquire M	No	No	0	83,196	0.00	130,722
23 Jan 25	John C Jacobs	RSU Common Stock	Option exercise	Dispose M	No	No	0	83,196	0.00	83,197
31 Dec 24	James Patrick Kelly	Common Stock	Payment of exercise	Dispose F	No	No	8.04	16,906	135.92 k	32,602
31 Dec 24	James Patrick Kelly	Common Stock	Option exercise	Acquire M	No	No	0	35,000	0.00	49,508
31 Dec 24	James Patrick Kelly	RSU Common Stock	Option exercise	Dispose M	No	No	0	35,000	0.00	0
31 Dec 24	Young James F	Common Stock	Sell	Dispose S	No	No	8	5,400	43.20 k	51,760
24 Dec 24	Young James F	Common Stock	Sell	Dispose S	No	No	8.48	4,600	39.01 k	57,160
13 Dec 24	King Rachel K.	Common Stock	Sell	Dispose S	No	No	9.0205	4,150	37.44 k	14,770
11 Dec 24	Casey Mark J	Common Stock	Payment of exercise	Dispose F	No	No	8.82	12,713	112.13 k	29,187