NOVAVAX INC

Ticker: NVAX CUSIP: 670002401 Class: Common Stock

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

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

Q4 2025

Shares 60,406 Value ($000) $406 Avg Close $7.54 Range $6.20 - $9.75

Q3 2025

Shares 66,532 Value ($000) $577 Avg Close $7.78 Range $6.23 - $10.64

Q2 2025

Shares 66,532 Value ($000) $419 Avg Close $6.62 Range $5.01 - $8.78

Q1 2025

Shares 335,408 Value ($000) $2,150 Avg Close $8.27 Range $6.28 - $11.55

Q4 2024

Shares 110,769 Value ($000) $891 Avg Close $9.64 Range $6.81 - $15.22

Q3 2024

Shares 65,974 Value ($000) $833 Avg Close $12.91 Range $8.87 - $17.81

Q2 2024

Shares 65,974 Value ($000) $835 Avg Close $10.06 Range $3.81 - $23.86

Q1 2024

Shares 56,662 Value ($000) $271 Avg Close $4.64 Range $3.53 - $6.05

Q4 2023

Shares 62,688 Value ($000) $301 Avg Close $6.12 Range $4.80 - $8.15

Q3 2023

Shares 64,284 Value ($000) $465 Avg Close $7.99 Range $6.72 - $10.30

Q2 2023

Shares 65,513 Value ($000) $487 Avg Close $7.86 Range $6.56 - $11.36

Q1 2023

Shares 68,598 Value ($000) $475 Avg Close $9.20 Range $5.61 - $13.70

Q4 2022

Shares 76,253 Value ($000) $784 Avg Close $17.65 Range $8.75 - $25.66

Q3 2022

Shares 78,183 Value ($000) $1,423 Avg Close $43.33 Range $17.85 - $76.77

Q2 2022

Shares 90,063 Value ($000) $4,632 Avg Close $51.73 Range $34.88 - $77.65

Q1 2022

Shares 53,351 Value ($000) $3,929 Avg Close $89.17 Range $65.82 - $145.20

Q4 2021

Shares 56,475 Value ($000) $8,080 Avg Close $171.82 Range $121.35 - $236.50

Q3 2021

Shares 119,576 Value ($000) $24,789 Avg Close $220.39 Range $172.01 - $277.80

Q2 2021

Shares 47,194 Value ($000) $10,020 Avg Close $183.22 Range $117.12 - $263.67

Q1 2021

Shares 84,500 Value ($000) $15,321 Avg Close $199.27 Range $109.01 - $331.68

Q4 2020

Shares 89,600 Value ($000) $9,991 Avg Close $106.29 Range $76.59 - $150.50

Q3 2020

Shares 96,500 Value ($000) $10,456 Avg Close $121.82 Range $75.40 - $189.40

Q2 2020

Shares 94,900 Value ($000) $7,910 Avg Close $38.25 Range $13.21 - $89.50

Q1 2020

Shares 49,600 Value ($000) $674 Avg Close $8.46 Range $3.65 - $17.71

Q2 2019

Shares 26,964 Value ($000) $158 Avg Close $7.87 Range $4.64 - $13.40

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	60,406	$406	$7.54	$6.20 - $9.75
Q3 2025	66,532	$577	$7.78	$6.23 - $10.64
Q2 2025	66,532	$419	$6.62	$5.01 - $8.78
Q1 2025	335,408	$2,150	$8.27	$6.28 - $11.55
Q4 2024	110,769	$891	$9.64	$6.81 - $15.22
Q3 2024	65,974	$833	$12.91	$8.87 - $17.81
Q2 2024	65,974	$835	$10.06	$3.81 - $23.86
Q1 2024	56,662	$271	$4.64	$3.53 - $6.05
Q4 2023	62,688	$301	$6.12	$4.80 - $8.15
Q3 2023	64,284	$465	$7.99	$6.72 - $10.30
Q2 2023	65,513	$487	$7.86	$6.56 - $11.36
Q1 2023	68,598	$475	$9.20	$5.61 - $13.70
Q4 2022	76,253	$784	$17.65	$8.75 - $25.66
Q3 2022	78,183	$1,423	$43.33	$17.85 - $76.77
Q2 2022	90,063	$4,632	$51.73	$34.88 - $77.65
Q1 2022	53,351	$3,929	$89.17	$65.82 - $145.20
Q4 2021	56,475	$8,080	$171.82	$121.35 - $236.50
Q3 2021	119,576	$24,789	$220.39	$172.01 - $277.80
Q2 2021	47,194	$10,020	$183.22	$117.12 - $263.67
Q1 2021	84,500	$15,321	$199.27	$109.01 - $331.68
Q4 2020	89,600	$9,991	$106.29	$76.59 - $150.50
Q3 2020	96,500	$10,456	$121.82	$75.40 - $189.40
Q2 2020	94,900	$7,910	$38.25	$13.21 - $89.50
Q1 2020	49,600	$674	$8.46	$3.65 - $17.71
Q2 2019	26,964	$158	$7.87	$4.64 - $13.40