Company: DVAX
Filing Date: 2025-05-12
Form Type: DEFA14A
Source: 0000930413-25-001704
Chunk: 37

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-05-12
Form: DEFA14A
Chunk 37
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 filed May 5, 2025 © Copyright DYNAVAX 2025 Deep Track’s Distortions Don’t Stop There (Cont’d) 50 | Peer set excludes core vaccine peers and includes specialty pharmaceutical, clinical stage and royalty company peers that are not relevant to Dynavax Deep Track s electively ” c herry picks” peers to fit its narrative Deep Track’s selection is disingenuous for a stockholder claiming deep understanding of Dynavax … T hey know better Specialty Pharmaceutical Example companies in Deep Track ’s analysis: Clinical Stage Predominantly Royalty Companies x Vaccine Peers Focus on development and distribution of specialized medicines for rare, chronic and complex diseases Lacks commercial product and relevant launch dynamics No proprietary drugs, manage portfolio of royalty streams S ubject to specific vaccine industry dynamics across both commercial products and vaccine development candidates Example relevant companies excluded from Deep Track ’s analysis: Rare - Disease Underlying dynamics / fundamentals not relevant to vaccine business

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 ” We will not agree to any settlement which removes what we have now , and what the company is legally obligated to provide for shareholders – a majority of the board being subject to turnover in the course of two consecutive shareholder meetings .” Deep Track Investor Presentation – page 59 filed May 5, 2025 © Copyright DYNAVAX 2025 Deep Track’s Distortions Don’t Stop There (Cont’d) 51 | Claims they never aimed to seek control of the Board despite explicitly stating this in an email to Dynavax Deep Track’s historical r evisions b latantly d isregard the truth The email speaks for itself Deep Track Email to Mr. Myers – January 22 , 2025