Company: DVAX
Filing Date: 2025-04-07
Form Type: PREC14A
Source: 0001193125-25-074629
Chunk: 15

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-07
Form: PREC14A
Chunk 15
---
 Annual Meeting.

Interests in the Solicitation

The Deep Track Nominees may be deemed to have an interest in their nominations for election to the Board by virtue of the compensation that the
Deep Track Nominees will receive from the Company as a director, if elected to the Board, and as described below. We expect that the Deep Track Nominees, if elected, will be indemnified for their service as directors of the Company to the same
extent indemnification is provided to the current directors of the Company under the Bylaws and the Charter and be covered by the policy of insurance which insures the Company’s directors and officers.

Mr. Erkman could be considered to have an indirect interest in the Nomination Proposal, as described in further detail below. Other than
as set forth in this Proxy Statement and in Schedule I (which is incorporated herein by reference), no Participant, or any associate of any Participant, has any substantial interest, direct or indirect, by security holdings or otherwise, in any
matter to be acted upon at the 2025 Annual Meeting.

Mr. Erkman is an employee of Deep Track Capital, holding the title of Managing
Director. Deep Track Capital serves as advisor to Deep Track Fund that is the stockholder of record. Mr. Erkman’s compensation is not specifically tied to the performance of the investment in the Company, but aspects of his compensation
are tied to the performance of the entire fund.In addition, there are no oral or written agreements, arrangements or understandings between Mr. Erkman and Deep Track Capital or any of its affiliates with respect to
Mr. Erkman’s nomination.

Arrangements between Deep Track Capital and the Deep Track Nominees

Deep Track Capital has entered into an Engagement and Indemnification Agreement with each of Mr. Farrow, Mr. Mullette and
Mr. Santel (the “Engagement and Indemnification Agreements”) pursuant to which each agreed to be named as a Deep Track Nominee in Deep Track Capital’s proxy soliciting materials relating to the 2025 Annual Meeting and to serve as
director if elected. Pursuant to the Engagement and Indemnification Agreements, each of Messrs. Farrow, Mullette and Santel has agreed to, among other matters, stand as a Deep Track Nominee for election to the Board at the 2025 Annual Meeting, be
named in Deep Track Capital’s

16

solicitation materials, serve as a director if elected