Company: DVAX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001029142-25-000071
Chunk: 287

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 287
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 attributable to common stockholders, basic and diluted$(96,099)$(8,721)  DenominatorWeighted average common stock outstanding, basic and diluted124,871 130,200 Net loss per share attributable to common stockholdersBasic$(0.77)$(0.07)Diluted$(0.77)$(0.07)The following were excluded from the calculation of diluted net loss per share as the effect of their inclusion would have been anti-dilutive (in thousands). Three months ended March 31, 20252024Outstanding securities not included in diluted net loss per share calculation:Stock options and stock awards18,77018,161Convertible Notes (as converted to common stock)16,19521,543Total34,96539,704

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Table of Contents

11. Common Stock

Common Stock OutstandingAs of March 31, 2025, there were 123,696,958 shares of our common stock outstanding. As of March 31, 2025, we had $120.0 million remaining under the at-the-market Sales Agreement (the "ATM Agreement") with Cowen and Company, LLC (“Cowen”).Share Repurchase ProgramIn November 2024, our Board of Directors authorized a share repurchase program (the “Repurchase Program”) allowing us to repurchase up to $200.0 million worth of our common stock. On November 8, 2024, we entered into an accelerated share repurchase agreement (the "ASR Agreement") with Goldman Sachs & Co. LLC ("Goldman") to repurchase an aggregate amount of $100.0 million of our common stock. Under the ASR Agreement, we made an aggregate upfront payment of $100.0 million to Goldman and received an aggregate initial delivery of 6,149,116 shares of our common stock on November 12, 2024, representing approximately 80% of the total shares that would be repurchased under the ASR Agreement measured based on the closing price of our common stock on November 8, 2024.Repurchases under the ASR Agreement were completed on February 11, 2025, and upon final settlement, we received an additional 1,771,422 shares of our common stock, bringing the total number of shares repurchased under the ASR Agreement to 7,920,538. The final number of shares repurchased was determined based on the average of the daily volume-weighted average price ("VW