Form 4: Dynavax CEO Ryan Spencer Reports Stock Transactions
SEC Form 4 Filing
Dynavax Technologies CEO Ryan Spencer reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 10, 2025, Ryan Spencer, CEO and Director of Dynavax Technologies Corp, reported transactions involving the company's common stock.
- 20,833 Restricted Stock Units (RSUs) vested, each representing a contingent right to receive one share of common stock.
- 11,209 shares were withheld by Dynavax to satisfy tax withholding requirements related to the vesting of these RSUs at a price of $13.2 per share.
- Following these transactions, Spencer directly owns 211,022 shares of Dynavax common stock.
- This includes 368 shares acquired under the Issuer's 2014 Employee Stock Purchase Plan (ESPP) on August 15, 2024.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to the market regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- Shareholders are informed about insider transactions, which can influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| February 10, 2022 | Initial grant date of the Restricted Stock Units (RSUs) that vest over three years. |
| August 15, 2024 | Date of acquisition of 368 shares under the Employee Stock Purchase Plan (ESPP). |
| February 10, 2025 | Date of RSU vesting and tax withholding. |
| February 12, 2025 | Date of Form 4 filing. |
Keywords
Dynavax, Ryan Spencer, Form 4, Stock, RSU, Restricted Stock Units, Beneficial Ownership, Tax Withholding, DVAX, CEO
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