Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 53

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 53
---
:

“RESOLVED, that the compensation paid to Dynavax’s named executive officers,
as disclosed pursuant to Item 402 of Regulation S-K, including the Compensation Discussion and Analysis, compensation tables and
narrative discussion, is hereby APPROVED.”

Although this vote is advisory and the outcome is not binding on our Board, the views expressed by our stockholders,
whether through this vote or otherwise, are important to us. As a result, the Board and the Compensation Committee will carefully
review the results of this vote, and they will consider these results in making future decisions about our executive compensation
programs and arrangements.

We expect that the next advisory vote on the compensation of our named executive officers will be held at
the 2026 Annual Meeting of Stockholders.

Vote Required

Approval of this advisory proposal requires the affirmative vote of the majority of shares present (either
virtually at the Annual Meeting or by proxy) and entitled to vote on the matter at the Annual Meeting. Abstentions have the same
effect as negative votes. Broker non-votes, if any, are counted towards a quorum but are not counted for any purpose in determining whether
this Proposal 2 has been approved.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS

A VOTE “FOR” PROPOSAL 2.</div>

| 37 |

<div align='center'>PROPOSAL 3

RATIFICATION OF SELECTION OF

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

The Audit Committee has selected Ernst &
Young LLP (“Ernst & Young”) as our independent registered public accounting firm for the fiscal year ending December
31, 2025. Ernst & Young has audited our financial statements since 2002. Representatives of Ernst & Young are expected
to be present at the Annual Meeting. Ernst & Young will have an opportunity to make a statement if it so desires and will
be available to respond to appropriate questions.

If the stockholders fail to ratify the selection of Ernst & Young, the Audit Committee will reconsider
whether or not to retain that firm. Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment
of a different independent registered public accounting firm at any time during the year if it determines that such a change would
be in the best interests of the Company and its stockholders.

Vote Required

The affirmative vote of the majority of shares present (either virtually at the Annual Meeting or by proxy)
and entitled to vote on the matter