Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 116

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 116
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 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.

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If your GOLDproxy 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.

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 any other business properly comes before the
Annual Meeting, the signed proxies received from you and other stockholders give the persons voting the proxies the authority
to vote on the matter according to their judgment.

What is a broker non-vote?

If you own shares through a broker in street name, you may
instruct your broker how to