Company: DVAX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001029142-25-000117
Chunk: 284

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 284
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$— $— Weighted average common stock outstanding, basic and diluted138,356 154,468 $122,079 $133,582 Net income (loss) per share attributable to common stockholdersBasic$0.16 $0.09 $(0.63)$0.02 Diluted$0.14 $0.08 $(0.63)$0.02 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 June 30,Six months ended June 30, 2025202420252024Outstanding securities not included in diluted net income (loss) per share calculation:Stock options and stock awards13,0778,89118,5336,966Convertible Notes (as converted to common stock)--16,19521,543Total13,0778,89134,72828,509

11. Common Stock

Common Stock OutstandingAs of June 30, 2025, there were 117,230,400 shares of our common stock outstanding. As of June 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 

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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