What is NVAX's dilution risk score?

NVAX has a latest available DilutionScore record of 38/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for NVAX, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for NVAX?

DilutionWatch tracks 25 SEC filing types for NVAX including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect NVAX shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For NVAX, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for NVAX tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for NVAX. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

NVAX Dilution Risk Score: 38/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

46

💰 Cash Runway

40

📊 Float Risk

22

⚠️ Warrant Exposure

40

🔄 Convertible Debt

35

Dilution Forecast

☀️

Clear

No significant dilution signals

model est. 7%

🔁 Convertible Conversion model 15%

• Convertible debt present: 13.5% potential dilution

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Market Data

Market Cap$1.80B

Shares Outstanding164.95M

Float141.47M

Cash$719.34M

Debt$291.88M

Short InterestN/A

Institutional Holdings

QoQ: ↑ 11.3% shares (2026Q1 vs prior)

262 institutional holders · 150.69M shares

#1 SHAH CAPITAL MANAGEMENT 14.85M shares

#2 VANGUARD CAPITAL MANAGEMENT LLC 14.26M shares

#3 BlackRock, Inc. 12.84M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest45.66M

Days to Cover16.6

% of Float32.3%

FINRA data as of Jul 31, 2026

Insider Buy/Sell Ratio

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2025-12-31

Full SEC filing analysis available with free account →

Recent News

No recent news

Factual NVAX Dilution Snapshot

Novavax, Inc. (NVAX) has a DilutionScore of 38/100, rated Medium dilution risk. Score date: August 28, 2026.

Recent SEC activity tracked for NVAX: xbrl on 2025-12-31.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.