FORM 3 UNITED 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
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1. Name and Address of Reporting Person *
Evaxion A/S
(Last) (First) (Middle)
DR. NEERGAARDS VEJ 5F
(Street)
HORSHOLM DK-2970
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026 		3. Issuer Name and Ticker or Trading Symbol
Evaxion A/S [ EVAX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
CAIO Chief AI Officer
 5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form 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 Shares 1,382,395
D
 
Ordinary Shares 4,142,521
I
By Mattsson Holding af 2008 ApS (1)
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 Exercisable Expiration Date Title Amount or Number of Shares
Warrants (2) 12/21/2023 12/21/2026 Ordinary Shares 55,147 0.74 D  
Warrants (3) 01/31/2025 01/31/2030 Ordinary Shares 645,700 0.059 D  
Warrants 01/01/2022 (4) 12/31/2031 Ordinary Shares 35,000 2.23 D  
Warrants 01/01/2023 (4) 12/31/2031 Ordinary Shares 6,250 0.75 D  
Warrants 01/01/2024 (4) 12/31/2031 Ordinary Shares 25,000 0.4 D  
Warrants 01/01/2024 (4) 12/31/2031 Ordinary Shares 125,000 0.07 D  
Explanation of Responses:
1. Mr. Mattsson is a control person of such entity.
2. Warrants pursuant to private placement that closed 12/21/2023.
3. Warrants pursuant to public offering that closed 1/31/2025.
4. Vesting is 1/36 per month over 36 months from the initial exercise date indicated.
Remarks:
Exhibit List - Exhibit 24.1 Power of Attorney. This initial holding statement has been made for Andreas Holm Mattsson using the Issuer's CIK codes to satisfy Form 3 filing requirements. An amendment will be filed for Mr. Mattsson upon receipt of his CIK filer codes from the SEC.
/s/ Michael Baird, Attorney-in-Fact 03/18/2026
** Signature of Reporting Person Date
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 4 (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.
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ATTACHMENTS / EXHIBITS

ATTACHMENTS / EXHIBITS

EXHIBIT 24.1