Form 4: Dynavax Technologies Corp: Director Francis Cano Reports Transactions in Common Stock and Stock Options
SEC Form 4 Filing
Director Francis Cano reports acquisition and disposal of Dynavax Technologies Corp common stock and stock options.
Summary
- On May 23, 2024, Francis Cano, a director of Dynavax Technologies Corp, acquired 5,357 shares of common stock at $0 and 22,500 stock options with an exercise price of $11.79.
- On May 24, 2024, Cano exercised 7,500 stock options at a price of $5.9, acquiring 7,500 shares of common stock.
- Also on May 24, 2024, 3,885 shares were withheld to cover option exercise costs at a price of $11.39.
- Following these transactions, Cano beneficially owns 40,520 shares of common stock and 22,500 stock options.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It's a standard practice for publicly traded companies and their executives.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Acquisition of 5,357 shares of common stock and 22,500 stock options. |
| 05/24/2024 | Exercise of 7,500 stock options and withholding of 3,885 shares for option exercise costs. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
| 05/22/2031 | Expiration date for stock options acquired on 05/23/2024. |
| 06/01/2024 | Expiration date for stock options exercised on 05/24/2024. |
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