emeryville calif march 8 2022 prnewswire  dynavax technologies corporation nasdaqdvax today reported that it has granted nonstatutory stock options to purchase an aggregate of 33250 shares of dynavax common stock and restricted stock units rsus covering an aggregate of 48250 shares of dynavax common stock as inducements to 1 newlyhired employee in connection with commencement of employment with the company the stock options were granted on march 7 2022 at an exercise price of 987 per share which is equal to the closing price of dynavax common stock on the date of grant each stock option granted has a 7year term and vests over three years with onethird of the shares underlying the option vesting on the oneyear anniversary of the grant date and the remaining shares vesting 136 per month in equal installments subject to continued service with dynavax through the applicable vesting dates the rsus vest onethird per year on each anniversary of the grant date subject to continued service with dynavax the options and the rsus were granted as material inducements to employment in accordance with nasdaq listing rule 5635c4 and are subject to the terms and conditions of a stock option agreement covering the grant and dynavax 2021 inducement award plan which was adopted january 9 2021 and provides for the granting of stock options to new employees dynavax is a commercial stage biopharmaceutical company developing and commercializing novel vaccines to help protect the world against infectious diseases the companys first commercial product heplisavb® hepatitis b vaccine recombinant adjuvanted is approved in the us and the european union for prevention of infection caused by all known subtypes of hepatitis b virus in adults age 18 years and older dynavax is also advancing cpg 1018 adjuvant as a premier vaccine adjuvant through research collaborations and partnerships current collaborations are focused on adjuvanted vaccines for covid19 plague shingles tdap seasonal influenza and universal influenza for more information visit wwwdynavaxcom and follow the company on linkedin