Company: DVAX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001029142-25-000071
Chunk: 289

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 289
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 authorized number of shares of common stock by 11,400,000. The maximum number of shares of common stock that may be issued under the Amended 2018 EIP will not exceed 41,440,250 shares of common stock. As of March 31, 2025, the Amended 2018 EIP (the "Plan") and the Amended and Restated 2014 Employee Stock Purchase Plan are our active plans.The Amended 2018 EIP is administered by our Board of Directors, or a designated committee of the Board of Directors, and awards granted under the Amended 2018 EIP have a term of seven years unless earlier terminated by the 

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Board of Directors. As of March 31, 2025, there were 8,321,893 shares of common stock reserved for issuance under the Amended 2018 EIP.Under our Amended 2018 EIP, we may grant stock options, restricted stock units ("RSUs"), performance-based awards, and other awards that are settled in shares of our common stock. Our equity awards generally vest over a three-year period contingent upon continuous service and unless exercised, expire seven or ten years from the date of grant (or earlier upon termination of continuous service). Activity under the Plan is set forth below:Stock Options The following table summarizes the activity of stock options for the three months ended March 31, 2025: SharesUnderlyingOutstandingOptions(in thousands)Weighted-AverageExercisePrice Per ShareWeighted-AverageRemainingContractualTerm (years)AggregateIntrinsicValue (in thousands)Balance as of December 31, 202411,142$11.15 3.79$24,210 Options granted1,60212.72 Options exercised(670)— Options cancelled:Options forfeited (unvested)(54)12.11 Options expired (vested)(586)16.36 Balance as of March 31, 202511,434$11.19 4.20$24,326 Vested and expected to vest as of March 31, 202511,171$11.15 4.13$24,227 Exercisable as of March 31, 20257,942$10.67 3.30$22,124 Restricted Stock UnitsThe following table summarizes the activity of RSUs for the three months ended March 31, 2025: Number of