Company: DVAX
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049536
Chunk: 292

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 292
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 shares:Stock-based compensation plans2,966 2,131 — 2,898 Convertible Notes (as converted to common stock)16,195 21,543 — — Weighted average common stock outstanding, diluted136,468 154,807 120,471 133,644 Net income (loss) per share Basic$0.23 $0.13 $(0.42)$0.15 Diluted$0.21 $0.12 $(0.42)$0.15 The following were excluded from the calculation of diluted net income (loss) per share as the effect of their inclusion would have been anti-dilutive (in thousands). Three months ended September 30,Nine months ended September 30, 2025202420252024Outstanding securities not included in diluted net income (loss) per share calculation:Stock options and stock awards11,0958,98718,1898,172Convertible Notes (as converted to common stock)--16,19521,543Total11,0958,98734,38429,715

11. Common Stock

Common Stock OutstandingAs of September 30, 2025, there were 117,364,147 shares of our common stock outstanding. As of September 30, 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.

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Repurchases under the ASR Agreement were completed on February 11, 2025, and upon