Vaxart details CEO Andrei Floroiu severance: 12-mo salary, equity acceleration, COBRA subsidy

Vaxart, Inc.

Separation agreement provides 12 months base salary ($572,000) paid over 12 months.
Equity awards vesting through Sep 30, 2024 accelerated; vested options exercisable up to 2 years post-termination.
Company pays 12 months COBRA premiums; 2023 bonus paid when active employees receive theirs.
Up to $5,000 in attorney fees reimbursed; release of claims and non-compete, non-solicitation required.
Agreement signed Jan 31, 2024; resignation effective Jan 16, 2024.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Andrei Floroiu

Chief Executive Officer

VXRT · Vaxart, Inc.

Filed: February 2, 2024, 6:59 PM ET

On January 31, 2024, the Company entered into a Separation Agreement with Mr. Floroiu (the “Separation Agreement”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrei Floroiu resigned as Chief Executive Officer at Vaxart, Inc..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

On January 31, 2024, the Company entered into a Separation Agreement with Mr. Floroiu (the “Separation Agreement”).

View on SEC.gov

Vaxart, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-002971

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.