Company: DVAX
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001029142-25-000071
Chunk: 198

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part II, Item 1A
Chunk 198
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 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 VWAP per share of our common stock during the repurchase period, subject to adjustments pursuant to the terms and conditions of the ASR Agreement.

In addition to the shares repurchased under the ASR Agreement, during the three months ended March 31, 2025, we repurchased 1,539,589 shares of our common stock for an aggregate purchase price of approximately $20.8 million through open market transactions under the Repurchase Program. These repurchases were made in accordance with Rule 10b-18 under the Exchange Act and were funded using cash on hand.

In connection with the Refinancing Transaction completed on March 13, 2025, we repurchased an additional 569,560 shares of our common stock for approximately $8.0 million in privately negotiated transactions at a price per share of $14.01 (See Note 7).

The following table provides information with respect to the shares of common stock repurchased by us during the three months ended March 31, 2025:

PeriodTotal Number of Shares PurchasedAverage Price Paid per Share (1)Total Number of Shares Purchased as part of Publicly Announced ProgramApproximate Dollar Value of Shares that May Yet Be Purchased Under the Repurchase Program(Dollars in millions) (1)January 1, 2025 - January 31, 2025- $- - $100.0 February 1, 2025 - February 28, 2025 (2)2,503,611 $11.86 2,503,611 $90.3 March 1, 2025 - March 31, 20251,376,960 $13.86 1,376,960 $71.2 Total3,880,571 $12.57 3,880,571 

(1)Includes transaction fees and excludes excise taxes incurred on share repurchases.

(2)The average price paid per share of $11.86 during February 1, 2025 to February 28, 2025 includes $20.0 million allocated to the additional 1,771