Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 43

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 43
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     |         |     |              |     |                |
| Elaine Sun               |     | Member* |     |              |     |                |
| Total Members            |     |       3 |     |            3 |     |              3 |
| Total Meetings           |     |       4 |     |            8 |     |              5 |

| *   | Qualified Audit Committee Financial Expert                                                                                   |
| (1) | In January 2025, each of Ms. Eastland and Ms. Phillips notified the Company that she will be retiring and resigning from     
 the Board, respectively, effective immediately prior to the Annual Meeting.                                                  |
| (2) | The Board intends to appoint Ms. Silvernail as a member and chairperson of the Audit Committee                               
 of the Board, Mr. MacGregor as a member of the Audit Committee of the Board and Mr. Myers     as a member and chairperson of 
 the Compensation Committee of the Board, each to be effective as of the date of the Annual     Meeting.                      |

Each of the committees has authority to engage legal counsel or other experts or consultants as it deems
appropriate to carry out its responsibilities. Our Board has determined that each member of each committee meets the applicable
SEC and Nasdaq independence requirements.

AUDIT COMMITTEE

For 2024, our Audit Committee was composed of three independent directors: Mses. Eastland (Chairperson),
Phillips and Sun.

The Board determined that each of Mses. Eastland and Sun qualified as an “audit committee financial
expert,” as defined in applicable SEC rules, and that each member of the Audit Committee is financially sophisticated.

The Audit Committee operates under a written charter that is available on the Company’s website at https://investors.dynavax.com/corporate-governance.

Among other things, the charter specifically requires our Audit Committee to:

| • | review and monitor the policies and procedures adopted by the Company to fulfill its responsibilities                    
 regarding the fair and accurate presentation of the Company’s financial statements;                                      |
| • | appoint, compensate, and oversee the work of the Company’s independent registered public accounting firm;                |
| • | approve and monitor all audit and non-audit services performed by the Company’s independent registered public accounting 
 firm;                                                                                                                    |
| • | consider and approve or disapprove any related party transaction as defined under the SEC Regulation S-K Item 404, to    
 the extent required by SEC regulations and Nasdaq rules;                                                                 |