Form 4: Dynavax CEO Ryan Spencer Reports Stock Transactions
SEC Form 4 Filing
Dynavax Technologies CEO Ryan Spencer reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 18, 2025, Ryan Spencer, CEO and Director of Dynavax Technologies Corp, reported transactions involving the company's common stock.
- Spencer exercised 55,000 Restricted Stock Units (RSUs), which converted into an equal number of common stock shares.
- Simultaneously, 36,528 shares were withheld by Dynavax to satisfy tax obligations related to the vesting of these RSUs at a price of $12.93 per share.
- Following these transactions, Spencer directly owns 260,733 shares of Dynavax common stock and 110,000 RSUs.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment. It reflects standard corporate governance procedures.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.
- Employees may be impacted through the company's equity compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/15/2024 | Initial vesting date for the Restricted Stock Units (RSUs), with 1/3 vesting annually. |
| 02/18/2025 | Date of transaction: exercise of RSUs and withholding of shares for tax obligations. |
| 02/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Dynavax Technologies, Ryan Spencer, Form 4, Stock Options, RSU, Beneficial Ownership, DVAX
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