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Evaxion (NASDAQ: EVAX) director reports major share and warrant stakes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3/A

Rhea-AI Filing Summary

Evaxion A/S director Marianne Soegaard has filed an amended Form 3 detailing her ownership of ordinary shares and warrants. She reports direct holdings of 3,361,687 ordinary shares, plus additional ordinary shares held indirectly through Soegaard & Jansen ApS and family members. The filing also lists multiple warrant positions over Evaxion ordinary shares with exercise prices ranging from $0.0590 to $5.3800 per share and expiration dates extending to 2036-12-31.

Positive

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Negative

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Insider Soegaard Marianne
Role Director
Type Security Shares Price Value
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Warrants -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
holding Ordinary Shares -- -- --
Holdings After Transaction: Warrants — 275,735 shares (Direct); Warrants — 238,971 shares (Indirect, By Soegaard & Jansen ApS); Ordinary Shares — 3,361,687 shares (Direct); Ordinary Shares — 238,971 shares (Indirect, By Soegaard & Jansen ApS)
Footnotes (1)
  1. Ms. Soegaard's spouse, Michael Jansen, is a control person of such entity. Ms. Soegaard is also a part owner of this entity. Michael Jansen is Ms. Soegaard's spouse. Caroline Jansen is Ms. Soegaard's family member. William Jansen is Ms. Soegaard's family member. Svend Jansen is Ms. Soegaard's family member. Warrants pursuant to private placement that closed 12/21/2023. Warrants pursuant to public offering that closed 1/31/2025. Vesting is 1/12 per month over 12 months from the initial exercise date indicated.
Direct ordinary shares 3,361,687 shares Total ordinary shares held directly by Marianne Soegaard
Indirect ordinary shares via Soegaard & Jansen ApS 238,971 shares Ordinary shares held indirectly through Soegaard & Jansen ApS
Indirect ordinary shares via Michael Jansen 50,157 shares Ordinary shares held indirectly through spouse Michael Jansen
Low‑price warrants (direct) 691,850 underlying shares at $0.0590 Direct warrants exercisable at $0.0590 expiring 2030-01-31
Warrants from 2023 private placement 275,735 underlying shares at $0.7400 Direct warrants from private placement, expire 2026-12-21
Indirect warrants via Soegaard & Jansen ApS 645,750 underlying shares at $0.0590 Indirect warrants expiring 2030-01-31
Highest‑price warrants 9,167 underlying shares at $5.3800 Direct warrants expiring 2031-12-31
Holding entries 21 entries Total holding records in transaction summary with unknown codes
Form 3/A regulatory
"Amended Form 3 reporting beneficial ownership of Evaxion A/S securities"
An amended Form 3 (Form 3/A) is a corrected or updated disclosure filed with regulators that revises an insider’s initial report of their ownership in a public company — typically for officers, directors or large shareholders. Investors use it like a corrected inventory list: it clarifies who owns how many shares and whether earlier reports had errors, helping assess insider confidence, possible conflicts and the accuracy of ownership records that can affect stock valuation and trust.
warrants financial
"Multiple warrant positions over Evaxion ordinary shares with stated exercise prices"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
indirect ownership financial
"Indirect holdings reported as shares held by Soegaard & Jansen ApS and family members"
underlying security financial
"Each warrant series lists an underlying security title of Evaxion ordinary shares"
exercise price financial
"Warrant tables specify exercise prices such as $0.0590 and $5.3800 per share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
expiration date financial
"Warrant positions include expiration dates from 2026-12-21 to 2036-12-31"
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Soegaard Marianne

(Last)(First)(Middle)
DR. NEERGAARDS VEJ 5F

(Street)
HORSHOLMDK-2970

(City)(State)(Zip)

DENMARK

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
Evaxion A/S [ EVAX ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Ordinary Shares3,361,687D
Ordinary Shares238,971IBy Soegaard & Jansen ApS(1)
Ordinary Shares50,157IBy Michael Jansen(2)
Ordinary Shares900IBy Caroline Jansen(3)
Ordinary Shares900IBy William Jansen(4)
Ordinary Shares210,500IBy Svend Jansen(5)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants(6)12/21/202312/21/2026Ordinary Shares275,735$0.74D
Warrants(6)12/21/202312/21/2026Ordinary Shares238,971$0.74IBy Soegaard & Jansen ApS(1)
Warrants(6)12/21/202312/21/2026Ordinary Shares36,765$0.74IBy Michael Jansen(2)
Warrants(6)12/21/202312/21/2026Ordinary Shares183,824$0.74IBy Svend Jansen(5)
Warrants(7)01/31/202501/31/2030Ordinary Shares691,850$0.059D
Warrants(7)01/31/202501/31/2030Ordinary Shares645,750$0.059IBy Soegaard & Jansen ApS(1)
Warrants(7)01/31/202501/31/2030Ordinary Shares184,500$0.059IBy Michael Jansen(2)
Warrants01/01/201812/31/2036Ordinary Shares11,952$0.1D
Warrants01/01/201912/31/2031Ordinary Shares56,556$0.1D
Warrants01/01/202012/31/2031Ordinary Shares25,812$0.1D
Warrants01/01/202112/31/2031Ordinary Shares9,167$5.38D
Warrants01/01/2022(8)12/31/2031Ordinary Shares10,000$2.23D
Warrants01/01/2023(8)12/31/2031Ordinary Shares75,000$0.75D
Warrants01/01/2024(8)12/31/2031Ordinary Shares40,000$0.4D
Warrants01/01/2024(8)12/31/2031Ordinary Shares125,000$0.07D
Explanation of Responses:
1. Ms. Soegaard's spouse, Michael Jansen, is a control person of such entity. Ms. Soegaard is also a part owner of this entity.
2. Michael Jansen is Ms. Soegaard's spouse.
3. Caroline Jansen is Ms. Soegaard's family member.
4. William Jansen is Ms. Soegaard's family member.
5. Svend Jansen is Ms. Soegaard's family member.
6. Warrants pursuant to private placement that closed 12/21/2023.
7. Warrants pursuant to public offering that closed 1/31/2025.
8. Vesting is 1/12 per month over 12 months from the initial exercise date indicated.
Remarks:
Exhibit List - Exhibit 24.1 Power of Attorney. This Form 3/A amends the Form 3 filed on March 18, 2026, which reported Ms Soegaard's initial holdings using the Issuer's CIK number as an interim measure, pending receipt of Ms. Soegaard's new filer CIK codes. This Form 3/A has been filed using Ms. Soegaard's CIK codes and reflects her as the Reporting Owner, with no alteration to her beneficial ownership.
/s/ Michael Baird, Attorney-in-Fact04/02/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Evaxion (EVAX) Form 3/A filed by Marianne Soegaard report?

The Form 3/A reports Marianne Soegaard’s beneficial ownership in Evaxion A/S. It lists her direct and indirect holdings of ordinary shares and warrants, including detailed warrant exercise prices and expiration dates, without showing any new purchases or sales.

How many Evaxion (EVAX) ordinary shares does Marianne Soegaard hold directly?

She reports direct ownership of 3,361,687 Evaxion ordinary shares. This figure reflects shares registered in her own name, separate from additional indirect holdings attributed through Soegaard & Jansen ApS and various family members as disclosed in the filing.

What indirect Evaxion (EVAX) share holdings are attributed to Marianne Soegaard?

Indirect ordinary share holdings include 238,971 shares held by Soegaard & Jansen ApS, 50,157 by Michael Jansen, 900 each by Caroline and William Jansen, and 210,500 by Svend Jansen, reflecting family and entity-related ownership.

What warrant positions over Evaxion (EVAX) shares does the Form 3/A disclose?

The filing lists multiple warrant series over Evaxion ordinary shares. Exercise prices include $0.0590, $0.0700, $0.0740, $0.1000, $0.4000, $0.7400, $0.7500, $2.2300 and $5.3800, with underlying share amounts and expirations running through 2036-12-31.

Are the Evaxion (EVAX) holdings in Soegaard & Jansen ApS treated as indirect for Marianne Soegaard?

Yes. Shares and warrants held by Soegaard & Jansen ApS are reported as indirect holdings. A footnote explains Michael Jansen is a control person of this entity and that Marianne Soegaard is also a part owner, so those positions are attributed to her indirectly.

Does the Evaxion (EVAX) Form 3/A show any insider buying or selling activity?

No. The entries are coded as holdings with unknown transaction codes, and the transaction summary shows zero buy, sell, acquire, or dispose counts. It effectively provides an updated snapshot of existing positions rather than recording new trades.