Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 45

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 45
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 The Audit
Committee has also received the written disclosures and the letter from the independent registered public accounting firm
required by applicable requirements of the PCAOB regarding the independent accountants’ communications with the audit
committee concerning independence and has discussed with the independent registered public accounting firm the accounting
firm’s independence. Based on the foregoing, the Audit Committee has recommended to the Board that the
audited financial statements be included in the Company’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2024.

The material in this report is not “soliciting material,” is not deemed “filed” with the SEC and is not to be incorporated by reference in any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof and irrespective of any general incorporation language in any such filing.

Ms. Julie Eastland (Chairperson)

Ms. Peggy V. Phillips

Ms. Elaine Sun

COMPENSATION COMMITTEE

For 2024, our Compensation Committee was composed of three independent directors: Ms. Phillips (Chairperson)
and Drs. Kisner and Paradiso. All members of the Compensation Committee are “outside directors” for purposes
of Section 162(m) of the Code and are “non-employee directors” for purposes of Rule 16b-3 under the Exchange Act.

The Compensation 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 Compensation Committee to:

| • | Annually review and approve the Company’s corporate performance goals and objectives relevant                              
 to Chief Executive Officer compensation, evaluate the Chief Executive Officer’s performance in light of such goals and     
 objectives, and recommend to the Board the Chief Executive Officer’s compensation level based on this evaluation. In       
 determining the long-term incentive component of the Chief Executive Officer’s compensation, the Compensation Committee    
 will consider the Company’s performance and relative stockholder return, the value of similar incentive awards to Chief    
 Executive Officers at comparable companies, and the awards given to the Company’s Chief Executive Officer in past years;   |
| • | annually review and make recommendations to the Board with respect to incentive compensation plans and equity-based plans; |
| • | annually review Director compensation and make recommendation to the Board;                                                |
| • | administer the Company’s incentive-compensation plans and equity-based plans as in effect and as adopted from time         
 to time by