Company: DVAX
Filing Date: 2025-04-07
Form Type: PREC14A
Source: 0001193125-25-074629
Chunk: 25

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-07
Form: PREC14A
Chunk 25
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 Bylaws that the Board has adopted after November 6, 2018, which is the date of the most recent publicly
available amendment to the Bylaws, and up to and including the end of the 2025 Annual Meeting. The Deep Track Parties, at the time of submission of this Bylaw Proposal, are not aware of any specific amendments to the Bylaws that would be repealed by
the adoption of the Bylaw Proposal.

The Deep Track Parties believe that in order to ensure that the will of the Stockholders with respect
to this proxy solicitation is upheld, no effect should be given to any provision of, or amendment to, the Bylaws unilaterally adopted by the Board after the date of the most recent publicly disclosed Bylaws, which is November 6, 2018.

The Stockholders are therefore being asked to adopt a resolution that would repeal any provision of the Bylaws or amendment to the Bylaws that
the Board adopted or adopts without the approval of the Stockholders after November 6, 2018, and up to, and including, the date of the 2025 Annual Meeting, including, without limitation, any amendments that the Board has adopted without public
disclosure, or that the Board might adopt in an effort to: impede the effectiveness of the Record Stockholder’s nomination of the Deep Track Nominees, negatively impact the Deep Track Parties’ ability to solicit and/or obtain proxies from
Stockholders, contravene the will of the Stockholders expressed in those proxies, or modify the Company’s corporate governance regime.

Accordingly, we urge Stockholders to approve the following resolution:

“RESOLVED,that each provision of, or amendment to, the Bylaws adopted by the Board without the approval of the stockholders of the
Company subsequent to November 6, 2018 (the date of the most recent publicly disclosed Bylaws) and up to and including the end of this meeting of stockholders at which this resolution is being proposed, be, and hereby is, repealed, effective as
of the time this resolution is approved by the Company’s stockholders.”

The Bylaw Proposal is binding on the Company. According
to the Company’s proxy statement, adoption of the Bylaw Proposal requires the affirmative vote of the holders of sixty-six and two-thirds percent (66-2/3%) of the shares of Common Stock outstanding on the Record Date.

WE STRONGLY URGE YOU TO VOTE “FOR” THE APPROVAL OF THE BYLAW PROPOS