Company: DVAX
Filing Date: 2025-05-12
Form Type: DEFA14A
Source: 0000930413-25-001704
Chunk: 24

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-05-12
Form: DEFA14A
Chunk 24
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 Deep Track the ability to obtain majority turnover on the board at 2026 meeting. They made very clear that was the framework they were working towards, and they were only willing to forego the ability to achieve majority turnover by 2026 with their last proposal which required the addi tio n of their principal to the Board committed the Board to an outsized share repurchase in connection with the settlement Dynavax has repeatedly sought a reasonable compromise, but we cannot endorse Deep Track’s value destructive agenda The Reality Deep Track’s Claims 33 |

ibdroot \ projects \ IBD - NY \ dilates2022 \ 698484_1 \ Presentations \ 24. 2025.02.XX Fight Deck \ FINAL - to share with Cooley \ Dynavax Investor Presentation (May - 2025)_Print.pptx 34 | Dynavax Proposal #1 (1/22) Deep Track Counter Proposal (1/22) Dynavax Proposal #2 (1/25) Deep Track Response (1/27) Dynavax Response (1/28) Deep Track Counter Proposal (1/29) Dynavax Proposal #3 (1/30) New Directors Two Directors Emini (2027) Santel (2026) Two Directors Erkman (2025) Santel (2025) Three Directors Emini (2026) Silvernail (2027) Santel (2027) Deep Track sent an email to Dynavax asking whether settlement negotiations were over Dynavax sent an email to Deep Track explaining that the Board rejected Deep Track’s 1/22 counter proposal, but expressed the Board’s continued openness to a negotiated solution One Director Santel (2025) One Director Santel (2025) Number of Incumbent Directors Stepping Down One Director 2025 Annual Meeting Two Directors 2025 Annual Meeting Two or Three Directors Prior to 2026 Annual Meeting Three Directors Two announced on 1/27 and one incremental “to keep total at nine” Three Directors Two announced on 1/27 and one incremental Standstill Length 2 years No Standstill Agreement 1 year No Standstill Agreement 1 year Other - • Remove Rights Plan • Immediate declassification Allow Rights Plan to expire at the 2025 Annual Meeting • Increase Share Repurchase Program from $200M to $400M • Remove Rights Plan • Immediate declassification • No commitment to increase the Share Repurchase Program • Allow Rights Plan to expire at the 2025 Annual Meeting • Phased declassification as announced