Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 96

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 96
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 the 2017 Inducement Plan           
 was not required under Nasdaq Marketplace Rule 5635(c)(4). Upon the effectiveness of the 2018 Equity Incentive Plan, no additional   
 awards were granted under the 2017 Inducement Plan. All shares currently subject to awards outstanding under the 2017 Inducement     
 Plan, which awards expire or are forfeited, are included in the reserve for the 2018 Equity Incentive Plan to the extent such        
 shares would otherwise return to such plan. Awards granted under the 2017 Inducement Plan have a term of 10 years. Exercisability,   
 option price and other terms are determined by the plan administrator, but the option price cannot be less than 100% of fair         
 market value of those shares on the date of grant. Stock options granted under the 2017 Inducement Plan generally vest over          
 a period of four years, with the exception of performance-based awards which will vest upon achievement of certain performance       
 conditions.                                                                                                                          |
| (3) | 6,446,027 shares subject to restricted stock units (“RSUs”) were granted under the                                                   
 2018 Equity Incentive Plan. Since these awards have no exercise price, they are not included in the weighted-average exercise        
 price calculation.                                                                                                                   |
| (4) | In January 2021, our Board adopted the 2021 Inducement Award Plan (the “2021 Inducement                                              
 Plan”), under which we initially reserved 1,500,000 shares of common stock, and which we later approved to increase                  
 to an aggregate of 3,250,000 shares of common stock for issuance to be used exclusively for grants of awards to individuals          
 who were not previously employees or directors of the Company. Stockholder approval of the 2021 Inducement Plan was not required     
 under Nasdaq Marketplace Rule 5635(c)(4). The 2021 Inducement Plan provides for the issuance of nonstatutory stock options,          
 restricted stock awards, RSUs, stock appreciation rights, performance stock awards and other stock awards exclusively to individuals 
 who were not previously employees or directors of the Company, or who had experienced a bona fide period of non-employment,          
 as an inducement material to the individual’s entry into employment with us within the meaning of Nasdaq Marketplace                 
 Rule 5635(c)(4). The terms of awards under the 2021 Inducement Plan are substantially