Summary by Futu AI
On June 12, 2024, Richard Douglas, associated with Novavax Inc [NVAX], completed a transaction to acquire 6,670 shares of the company's common stock at no cost. This transaction was categorized as an exercise or conversion of derivative security, which is typically related to options or warrants being converted into stock. Following this acquisition, Douglas directly holds a total of 43,920 shares in Novavax. The transaction reflects a continued investment in the company by an individual closely associated with it.