Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 74

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 74
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000 |     |            50,000 |
| Robert Janssen, M.D. |     |        50,000 |     |         35,710 |     |            35,710 |

Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

Our Compensation Committee approves all new-hire
equity awards for employees at the level of vice president and above, including our NEOs, other than our CEO. Our Compensation
Committee has separately authorized the Chief Executive Officer to approve new hire equity awards for all other employees below
the level of vice president based on pre-approved pools and ranges.

Annual awards and promotion awards are also
approved by the Compensation Committee for all employees, except our CEO. In the case of our CEO, our Compensation Committee makes
recommendations to the Board regarding CEO equity awards and the Board has final approval authority. The effective date of grant
is generally the date of the meeting, or the date the last committee member executes a unanimous written consent approving such
award.

Our Compensation Committee recommends, and
our Board approves, changes to our Non-Employee Director Compensation Policy from time to time. Our Non-Employee Director Compensation
Policy provides that initial equity awards for non-employee members of our Board are automatically made upon the member’s
appointment or election to our Board, and annual grants are made automatically following the conclusion of our annual stockholder
meeting.

The per share exercise price of stock options
we grant is not less than the closing price per share of our common stock as reported by Nasdaq Stock Market LLC on the grant date
of the stock option.

Our new hire grants are generally made on
the following cadence: (i) equity awards are pre-approved for employees vice president and above, to be effective upon their agreed
first day of employment, and (ii) awards for new employees below the vice president level are approved on the tenth day of each
month. Annual awards are usually approved around mid-February at a regularly scheduled meeting.

During the fiscal year ended December 31,
2024, our NEOs were awarded stock options, in the period beginning four business days before the filing of a periodic report on
Form 10-Q or Form 10-K or the filing or furnishing of a current report on Form 8-K that disclosed material nonpublic information
and ending one business day after the filing or furnishing of such report, as set forth in the table below.

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