On May 12, 2025, Vaxart, Inc. reported that Phillip Lee will resign as Chief Financial Officer effective upon the appointment of a new CFO, who has been named as Jeroen Grasman, starting May 19, 2025, with a salary of $435,000 and additional equity awards. Lee will remain to assist during the transition until June 1, 2025, and will forfeit his unvested equity awards.