Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 113

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 113
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 card in a director election contest but does not exercise a vote with respect to all four seats up for election at the Annual Meeting.
If an undervote (i.e., voting “FOR” with respect to fewer than four nominees on Proposal 1) occurs on a record holder’s
proxy card, your shares will only be voted as marked. No discretionary authority is available to vote shares represented by an undervoted
proxy card for the remaining director seats up for election.

An overvote means a circumstance in which a stockholder returns a universal
proxy card in a director election contest but marks “FOR” votes for more than the four seats up for election at the Annual
Meeting. If an overvote (i.e., voting “FOR” with respect to more than four nominees on Proposal 1) occurs on a universal proxy
card, the votes submitted on such proxy card with respect to Proposal 1 will be invalidated and not counted.

If your GOLD proxy card is executed but no voting instructions
are marked with respect to Proposal 1, your proxy will be voted “FOR” each of the four Board Nominees.

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Can I use the GOLD proxy card if I want to vote for one or more of the Deep Track Nominees?

Yes, if you would like to vote in favor of some or all of the
Deep Track Nominees despite the Board’s recommendation to the contrary, we urge you to use the Company’s GOLDproxy
card or GOLDvoting instruction form to do so.

What happens if Deep Track withdraws or abandons its solicitation or fails to comply with the universal proxy rules and I already granted proxy authority in favor of Deep Track and its director nomination slate?

Stockholders are encouraged to submit their votes on the GOLDproxy card. If Deep Track withdraws or abandons its solicitation or fails to comply with the universal proxy rules after a
stockholder has already granted proxy authority, stockholders can still sign and date a later submitted GOLDproxy card.

If Deep Track withdraws or abandons its solicitation or fails
to comply with the universal proxy rules, any votes cast in favor of the Deep Track Nominees will be disregarded and not be counted,
whether such vote is provided on the Company’s GOLDproxy card or Deep Track’s white proxy card.

How will voting on any other business be conducted?

We do not know of any business or proposals to be considered
at the Annual Meeting other than the items described in this proxy statement. If