Company: DVAX
Filing Date: 2025-04-17
Form Type: PRRN14A
Source: 0001193125-25-084044
Chunk: 2

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: PRRN14A
Chunk 2
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’s proposal to amend and restate the Company’s Restated Certificate of                                                                                                                                                          
 Incorporation (the “Declassification Restatement”), pursuant to which the Company would phase-in the declassification of the Board over three years, whereby members of the Board standing for election                                               
 at the 2026 Annual Meeting and thereafter would be elected for annual terms, such that all directors would stand for reelection annually, beginning with the 2028 annual Meeting, and implement certain other changes (such proposed amendment to the 
 Charter, the “Declassification Plan”);                                                                                                                                                                                                                |

and

| 6. | To transact such other business as may properly come before the 2025 Annual Meeting or any adjournment(s) 
 thereof.                                                                                                  |

Through this Proxy Statement and enclosed WHITEproxy card, we are soliciting proxies to elect the four Deep Track Nominees to become Class I directors. The Deep Track Parties and Dynavax will each be using a universal proxy card for voting on the election of directors at the 2025 Annual Meeting, which will include the names of all nominees for election to the Board. Stockholders will have the ability to vote for up to four nominees on the Deep Track Parties’ enclosed WHITEproxy card. There is no need to use the Company’s goldproxy card or voting instruction form, regardless of how you wish to vote. Assuming one or more of the Deep Track Nominees receives sufficient votes to be elected to the Board, your vote to elect such Deep Track Nominees will have the legal effect of replacing an equivalent number (up to four) incumbent directors of the Company. If elected, the Deep Track Nominees, subject to their fiduciary duties as directors, will seek to work with the other members of the Board to maximize stockholder value. However, the Deep Track Nominees will constitute a minority on the Board and, therefore, they may be unable to implement any actions that may be necessary to enhance stockholder value. The names, background and qualifications of the Company’s nominees, and other information about them, can be found in the Company’s proxy statement. Stockholders are permitted to vote for less than four nominees or for any combination (up to four total) of the Deep Track Nominees and the Company’s nominees on the WHITEproxy card. The Deep Track Parties urge Stockholders to use our WHITEproxy card to vote “FOR”all four of the Deep Track Nominees. IMPORTANTLY, IF YOU MARK MORE THAN FOUR “FOR” BOXES WITH RES