Company: DVAX
Filing Date: 2025-04-17
Form Type: PRRN14A
Source: 0001193125-25-084044
Chunk: 17

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: PRRN14A
Chunk 17
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 the Engagement and Indemnification Agreement, each of Mr. Farrow, Mr. Mullette and Mr. Santel also received a $10,000 payment within five (5) business days following its execution, with a further $20,000 payable upon the earlier to occur of (i) such Deep Track Nominee’s election to the Board by the Stockholders or his appointment to the Board pursuant to an agreement between the Company and Deep Track Capital, (ii) such Deep Track Nominee not being elected as a director of the Company following the conclusion of a proxy solicitation in which Deep Track Capital nominated (and did not withdraw) his nomination for election to the Board, or (iii) Deep Track’s decision to withdraw such Deep Track Nominee’s nomination. Deep Track Capital has agreed to indemnify each of Mr. Farrow, Mr. Mullette and Mr. Santel against any losses suffered, incurred or sustained in connection with being a member of the slate or the solicitation of proxies in connection therewith. For the avoidance of doubt, such indemnification does not apply to any claims made against any of them in their capacity or service as a director of the Company, if so elected. Deep Track Capital has further agreed to reimburse each of Mr. Farrow, Mr. Mullette and Mr. Santel for reasonable, documented, out-of-pocketexpenses incurred as a result of being a member of the slate, including, without limitation, travel expenses and expenses in connection with legal representation in connection with being a member of the slate. Each of the Deep Track Nominees has also executed a written consent to serve as a director if elected. The foregoing description is qualified in its entirety by reference to the form of Engagement and Indemnification Agreement attached as Exhibit 99.2 to Amendment No. 2 to Schedule 13D filed by the Deep Track Parties with respect to the Company on February 19, 2025. If elected to the Board, the Deep Track Nominees will not receive any compensation from the Deep Track Parties to serve as a director. They will, however, receive whatever compensation the Board has established for non-employeedirectors of the Company unless and until the Board determines to change such compensation. Compensation of the Company’s Directors As disclosed in the Company’s proxy statement filed with the SEC on April 3, 2025, non-employeedirectors of the Company were compensated for the fiscal year ended December 31, 2024, as follows: The Company’s