NOVAVAX INC

CUSIP: 670002104 Class: COMMON STOCK

PIPER SANDLER & CO.'s Holding History (CIK: 0000724683)

Note: Option positions (PUT/CALL) are excluded.

Q4 2014
Shares 60,000 Value ($000) $356 Avg Close — Range —
Q2 2014
Shares 25,000 Value ($000) $116 Avg Close — Range —
Q1 2014
Shares 75,000 Value ($000) $340 Avg Close — Range —
Q4 2013
Shares 97,750 Value ($000) $500 Avg Close — Range —