You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

EMERYVILLE, Calif., April 2, 2021 /PRNewswire/ --Dynavax Technologies Corporation (Nasdaq: DVAX) today reported that it has granted nonstatutory stock options to purchase an aggregate of 142,000 shares of Dynavax common stock as inducements to six newly-hired employees in connection with commencement of employment with the Company. The stock options were granted on April 1, 2021 at an exercise price of $9.73 per share, which is equal to the closing price of Dynavax common stock on the date of grant. Each stock option granted has a 7-year term and vests over three years, with one-third of the shares underlying the option vesting on the one-year anniversary of the grant date, and the remaining shares vesting 1/36 per month in equal installments, subject to continued employment with Dynavax through the applicable vesting dates. The options were granted as a material inducement to employment in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to the terms and conditions of a stock option agreement covering the grant and Dynavax' 2021 Inducement Award Plan, which was adopted January 9, 2021 and provides for the granting of stock options to new employees. About Dynavax Dynavaxis a commercial stage biopharmaceutical company developing and commercializing novel vaccines. The Company's first commercial product, HEPLISAV-B [Hepatitis B Vaccine (Recombinant), Adjuvanted], is approved in theU.S.and Europe for prevention of infection caused by all known subtypes of hepatitis B virus in adults age 18 years and older.Dynavaxis also advancing CpG 1018 as a premier vaccine adjuvant through research collaborations and partnerships. Current collaborations are focused on adjuvanted vaccines for COVID-19, pertussis and universal influenza. For more information, visitwww.dynavax.comand follow the company onLinkedIn. Dynavax Contacts:Nicole Arndt, Senior Manager, Investor Relations[emailprotected]510-665-7264 Derek Cole, PresidentInvestor Relations Advisory Solutions[emailprotected] SOURCE Dynavax Technologies Related Links http://www.dynavax.com

Answer: Dynavax Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)