Elaine Sun - Dec 10, 2021 Form 4 Insider Report for DYNAVAX TECHNOLOGIES CORP (DVAX)

Role: Director
Signature: Elaine Sun, by /s/ Trevor Dutcher, Attorney-in-Fact
Stock symbol: DVAX
Transactions as of: Dec 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/14/2021, 06:23 PM
Next filing: May 27, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	DVAX	Restricted Stock Unit	Award		+10.7K			10.7K	Dec 10, 2021	Common Stock	10.7K		Direct	F1
transaction	DVAX	Stock Option (Right to Buy)	Award	$0	+45K		$0.00	45K	Dec 10, 2021	Common Stock	45K	$13.33	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock. The RSUs vest over three years with 1/3 vesting on each annual anniversary of December 10, 2021, provided that Reporting Person continues to provide services to the Company through each vesting date. The release of RSU shares will be mandatorily deferred until the Reporting Person no longer provides services to the Company.
F2	This option grant vests over three years with 1/3 vesting on each annual anniversary of December 10, 2021, provided that Reporting Person continues to provide services to the Company through each vesting date.

Content

Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock. The RSUs vest over three years with 1/3 vesting on each annual anniversary of December 10, 2021, provided that Reporting Person continues to provide services to the Company through each vesting date. The release of RSU shares will be mandatorily deferred until the Reporting Person no longer provides services to the Company.

This option grant vests over three years with 1/3 vesting on each annual anniversary of December 10, 2021, provided that Reporting Person continues to provide services to the Company through each vesting date.