X0206 3 2014-07-25 0 0000704159 VBI VACCINES INC. VBIV 0001229592 GILLIS STEVEN 8725 WEST HIGGINS ROAD, SUITE 290 CHICAGO IL 60631 1 1 Common Stock 5541 D Common Stock 3399253 I See footnote Stock Option 1.3000 2017-02-06 Common Stock 12260 D Stock Option 1.3000 2022-03-29 Common Stock 38829 D Stock Option 2.1500 2024-04-24 Common Stock 70000 D Securities held of record by ARCH Venture Fund VI, L.P. ("ARCH VI"). ARCH Venture Partners VI, L.P. (the "GPLP"), as the sole general partner of ARCH VI, may be deemed to beneficially own certain of the shares held of record by ARCH VI. The GPLP disclaims beneficial ownership of all shares held of record by ARCH VI in which the GPLP does not have an actual pecuniary interest. ARCH Venture Partners VI, LLC (the "GPLLC"), as the sole general partner of the GPLP, may be deemed to beneficially own certain of the shares held of record by ARCH VI. The GPLLC disclaims beneficial ownership of all shares held of record by ARCH VI in which the GPLLC does not have an actual pecuniary interest. Each of Keith Crandell and Clinton Bybee, as managing directors of the GPLLC, may be deemed to beneficially own certain of the shares held of record by ARCH VI. Each of Messrs. Crandell and Bybee disclaims beneficial ownership of all shares held of record by ARCH VI except to the (continued in footnote 2) (continued from footnote 1) extent of their pecuniary interest therein. Director Steven Gillis owns an interest in ARCH VI but does not have voting or investment control over the shares held by ARCH VI and disclaims beneficial ownership of such shares, except to the extent of any pecuniary interest therein. 12,260 options vest according to the following schedule: 25% of the options vested on February 6, 2007 and the remaining 75% of the options vested 1/36 per month thereafter. 38,829 options vest according to the following schedule: 1/48 per month following the grant date of March 29, 2012. 70,000 options vest according to the following schedule: 1/48 per month following the grant date of April 24, 2014. /s/ Steve Gillis 2014-08-04