Bavarian Nordic A/S: Updates on Share Transactions by Executives

Recent Share Transactions by Bavarian Nordic Executives

COPENHAGEN, Denmark – Bavarian Nordic A/S (OMX: BAVA) has disclosed notable transactions involving its shares and related securities executed by individuals in managerial positions and their closely associated parties. These transactions highlight the company’s ongoing commitment to effective management and regulatory transparency.

Details of the Executives Involved in Transactions

Recently, the company reported that Paul John Chaplin, the President and Chief Executive Officer of Bavarian Nordic, was involved in transactions concerning the sale of shares. This comes after the exercise of warrants granted to the executive team as part of incentive programs established in 2019 and 2020. Such sales are often undertaken to assist the executives in meeting tax obligations arising from their earnings through equity compensation.

Purpose Behind the Share Sales

Following these transactions, there has been an increase in the net holdings of shares for the executives involved. The nature of these transactions is primarily related to the sale of shares at an average price of DKK 243.8027 per share, with a significant volume sold to cover taxable income incurred from the exercise of previous warrants.

Execution of Transactions

The reported transactions were notably executed at Nasdaq Copenhagen A/S. For instance, on a particular day, a total of 98,855 shares were sold by Chaplin, aggregating to a transaction value exceeding DKK 24.1 million. Additional executives, such as Henrik Juuel and Jean-Christophe May, also engaged in similar transactions, enhancing their respective portfolios while addressing tax responsibilities.

Aggregate Information from Recent Transactions

In total, executives sold a significant volume of shares across several transactions on the same date. For instance, Juuel sold 34,416 shares, amounting to over DKK 8.39 million, while May executed a transaction involving 7,039 shares valued at approximately DKK 1.71 million. These transactions underscore the dynamic financial strategies employed by Bavarian Nordic’s leadership to optimize their holdings while ensuring compliance with taxation laws.

About Bavarian Nordic A/S

Bavarian Nordic is a fully integrated vaccine company dedicated to protecting lives through innovative vaccine solutions. The company is recognized as a global leader in smallpox and mpox vaccines, supplied to governments worldwide. Furthermore, Bavarian Nordic boasts a robust portfolio of vaccines addressing various traveler and endemic diseases. Through its commitment to public health, the company continues to make substantial advancements in the vaccine sector.

Contact Information

For inquiries, Rolf Sass Sørensen, Vice President of Investor Relations, can be contacted at rss@bavarian-nordic.com, or by phone at +45 61 77 47 43. In the United States, Graham Morrell at Paddock Circle Advisors can be reached at graham@paddockcircle.com or +1 781 686 9600.

Frequently Asked Questions

What recent share transactions occurred at Bavarian Nordic?

Executives of Bavarian Nordic recently sold shares following the exercise of warrants related to incentive programs from past years.

Why are executives selling shares?

The sales are primarily to cover tax obligations resulting from exercised warrants.

What is the average sale price of shares sold?

The shares were sold at an average price of DKK 243.8027 each.

Where were these transactions conducted?

All transactions were executed at Nasdaq Copenhagen A/S.

Who can be contacted for more information?

Rolf Sass Sørensen is the contact person for investor relations, available via email or phone.

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