XML 42 R31.htm IDEA: XBRL DOCUMENT v3.24.3

Equity Plans and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Option Activity under Stock-Based Compensation Plans

The following table summarizes the activity of stock options for the nine months ended September 30, 2024:

			Shares Underlying Outstanding Options (in thousands)						Weighted- Average Exercise Price Per Share						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value (in thousands)
Balance as of December 31, 2023			10,120						$	10.78					4.18						$	37,388
Options granted			1,710						12.37
Options exercised			(537)						7.76
Options cancelled:
Options forfeited (unvested)			(22)						11.56
Options expired (vested)			(144)						14.63
Balance as of September 30, 2024			11,127						$	11.12					3.98						$	13,791
Vested and expected to vest as of September 30, 2024			10,939						$	11.10					3.95						$	13,788
Exercisable as of September 30, 2024			8,268						$	10.79					3.32						$	13,693

Summary of Restricted Stock Units Activity

The following table summarizes the activity of RSUs for the nine months ended September 30, 2024:

			Number of Shares (in thousands)						Weighted-Average Grant-Date Fair Value Per Share
Non-vested as of December 31, 2023			4,445						$	11.57
Granted			3,139						12.42
Vested (1)			(1,815)						11.14
Forfeited			(257)						12.38
Non-vested as of September 30, 2024			5,512						$	12.16

(1)Inclusive of approximately 699,684 RSUs for the nine months ended September 30, 2024, which were not converted into shares due to net share settlement in order to cover the required amount of employee withholding taxes. The value of the withheld shares was classified as a reduction to additional paid-in capital.

Summary of Performance Based Restricted Stock Unit

We granted market-based performance restricted stock units (“PSUs”) to certain executives. These PSUs vest upon a specified market condition. The summary of PSU activities for the nine months ended September 30, 2024 is as follows:

			Number of Shares (in thousands)						Weighted-Average Grant-Date Fair Value Per Share
Non-vested as of December 31, 2023			557						$	15.95
Granted			558						17.23
Non-vested as of September 30, 2024			1,115						$	16.59

Fair Value-Based Measurements and Weighted-Average Assumptions

The weighted-average assumptions used in the calculations of these fair value measurements are as follows:

			Stock Options												Stock Options												Market-Based Performance Stock Units
			Three Months Ended September 30,												Nine Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023						2024						2023
Weighted-average fair value per share			$	6.66					$	8.61					$	7.82					$	7.30					$	17.23					$	18.25
Risk-free interest rate			3.8		%				4.2		%				4.2		%				4.0		%				4.3		%				4.3		%
Expected life (in years)			4.5						4.5						4.5						4.5						2.9						2.9
Volatility			0.8						0.8						0.8						0.8						0.6						0.9

Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense recorded in each component of operating expenses in our condensed consolidated statements of operations, and amounts capitalized to our inventories (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Research and development			$	3,135					$	2,339					$	8,681					$	6,752
Selling, general and administrative			8,703						7,320						26,878						21,353
Cost of sales - product			397						369						1,505						1,463
Inventories			848						659						2,551						1,715
Total			$	13,083					$	10,687					$	39,615					$	31,283

X

- Definition

Summary of performance based restricted stock unit.

+ References

No definition available.

+ Details

Name:	dvax_ScheduleOfPerformanceBasedRestrictedStockUnitTableTextBlock
Namespace Prefix:	dvax_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (e)(1)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration