David F. Novack - 23 Dec 2025 Form 4 Insider Report for DYNAVAX TECHNOLOGIES CORP (DVAX)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
29 Dec 2025, 16:09:33 UTC
Prior SEC filing
26 Mar 2025
Next SEC filing
20 Jan 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
David F. Novack, by /s/ Trevor Dutcher, Attorney-in-Fact

Key filing fact

David F. Novack filed Form 4 for DYNAVAX TECHNOLOGIES CORP (DVAX) on 29 Dec 2025.

Key facts

  • This page summarizes David F. Novack's Form 4 filing for DYNAVAX TECHNOLOGIES CORP (DVAX).
  • 11 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 29 Dec 2025, 16:09.

Change

  • Previous filing in this sequence was filed on 26 Mar 2025.
  • Current net transaction value: -$963,786.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001573072 Primary reporting owner

Novack David F

Relationship
President & COO
Address
C/O DYNAVAX TECHNOLOGIES, 2100 POWELL STREET, SUITE 720, EMERYVILLE
Signature
David F. Novack, by /s/ Trevor Dutcher, Attorney-in-Fact
Signature date
29 Dec 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

DVAX transaction

Common Stock

Award

Transaction value
Shares
+60,625
Change %
+644%
Price
Shares after
70,043
Date
23 Dec 2025
Ownership
Direct
Footnotes
F1, F2, F3
DVAX transaction

Common Stock

Options Exercise

Transaction value
Shares
+22,620
Change %
+32%
Price
Shares after
92,663
Date
23 Dec 2025
Ownership
Direct
Footnotes
F1, F3, F4
DVAX transaction

Common Stock

Options Exercise

Transaction value
Shares
+18,788
Change %
+20%
Price
Shares after
111,451
Date
23 Dec 2025
Ownership
Direct
Footnotes
F1, F3, F4
DVAX transaction

Common Stock

Options Exercise

Transaction value
$136,100
Shares
+20,000
Change %
+18%
Price
$6.80
Shares after
131,451
Date
24 Dec 2025
Ownership
Direct
Footnotes
F3, F5
DVAX transaction

Common Stock

Options Exercise

Transaction value
$104,700
Shares
+10,000
Change %
+7.6%
Price
$10.47
Shares after
141,451
Date
24 Dec 2025
Ownership
Direct
Footnotes
F3, F5
DVAX transaction

Common Stock

Sale

Transaction value
$464,700
Shares
-30,000
Change %
-21%
Price
$15.49
Shares after
111,451
Date
24 Dec 2025
Ownership
Direct
Footnotes
F3, F5
DVAX transaction

Common Stock

Tax liability

Transaction value
$739,886
Shares
-48,107
Change %
-43%
Price
$15.38
Shares after
63,344
Date
24 Dec 2025
Ownership
Direct
Footnotes
F3, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

DVAX transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares
-22,620
Change %
-50%
Price
Shares after
22,620
Date
23 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
22,620
Exercise price
Footnotes
F1, F4, F7
DVAX transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares
-18,788
Change %
-33%
Price
Shares after
37,576
Date
23 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
18,788
Exercise price
Footnotes
F1, F4, F8
DVAX transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
Shares
-20,000
Change %
-11%
Price
Shares after
166,528
Date
24 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,000
Exercise price
$6.80
Footnotes
F5, F9, F10
DVAX transaction Derivative

Stock Option (Right to Buy)

Options Exercise

Transaction value
Shares
-10,000
Change %
-10%
Price
Shares after
85,655
Date
24 Dec 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
10,000
Exercise price
$10.47
Footnotes
F5, F9, F10
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 10 footnotes

Footnote F1

On December 23, 2025 (the "Effective Date"), in connection with the execution of an Agreement and Plan of Merger dated as of the Effective Date (the "Merger Agreement") by and among the Issuer, SANOFI, a French societe anonyme ("Parent"), and Samba Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, the Board of Directors of the Issuer approved acceleration of vesting of certain performance-based restricted stock units ("PSUs") and restricted stock units ("RSUs") previously granted to the Reporting Person, effective as of the Effective Date.

Footnote F2

Represents PSUs previously granted to the Reporting Person that vest based on how the Issuer's total stockholder return compares to the total stockholder return of an indexed group of companies ("rTSR") over a performance period ending on December 31, 2025. Each PSU represents a contingent right to receive one share of common stock. On the Effective Date, the Board of Directors of the Issuer determined that these PSUs (which represent 125% of the target number of PSUs) were earned according to achievement of the rTSR performance condition over a shortened performance period, with the Issuer's total stockholder return determined based on the amount payable for a share of the Issuer's common stock pursuant to the Merger Agreement ($15.50), and approved such acceleration of vesting of the earned PSUs.

Footnote F3

Includes 1,340 shares purchased through the Issuer's Employee Stock Purchase Plan on August 15, 2025.

Footnote F4

Each RSU represents a contingent right to receive one share of the Issuer's common stock.

Footnote F5

The sales reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted on December 6, 2024.

Footnote F6

Shares withheld by the Issuer to satisfy tax withholding requirements on vesting of PSUs and RSUs.

Footnote F7

The RSUs were granted on February 15, 2024, and were originally scheduled to vest over three years, with 1/3 vesting on each anniversary of February 15, 2024.

Footnote F8

The RSUs were granted on February 13, 2025, and were originally scheduled to vest over three years, with 1/3 vesting on each anniversary of February 13, 2025.

Footnote F9

Fully vested.

Footnote F10

Not applicable.

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