Company: DVAX
Filing Date: 2025-04-17
Form Type: PRRN14A
Source: 0001193125-25-084044
Chunk: 21

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: PRRN14A
Chunk 21
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es has ever served on the Board. The Deep Track Parties believe that each of the Deep Track Nominees, if elected as a director of the Company, would be an “independent director” within the meaning of applicable Nasdaq listing standards applicable to board composition, including Rule 5605(a)(2), and Section 301 of the Sarbanes-Oxley Act of 2002. Notwithstanding the foregoing, the Deep Track Parties acknowledge that no director of a Nasdaq listed company qualifies as “independent” under the Nasdaq listing standards unless the board of directors of such company affirmatively determines that such director is independent under such standards. Accordingly, the Deep Track Parties acknowledge that if any Deep Track Nominee is elected, the determination of such Deep Track Nominee’s independence under the Nasdaq listing standards ultimately rests with the judgment and discretion of the Board. If elected, we believe that each Deep Track Nominee would qualify as an independent member of the Company’s Compensation Committee, Nominating and Corporate Governance Committee and Audit Committee under each such committee’s applicable independence standards. In addition, each Deep Track Nominee understands that, if elected as a director of the Company, such Deep Track Nominee would have an obligation to act in the best interests of the Company and the Stockholders in accordance with his or her duties as a director. No Deep Track Nominee has a family relationship with any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer, and, with respect to each of the Deep Track Nominees, none of the events enumerated in Item 401(f)(1)(8) of Regulation S-Kof the Exchange Act occurred during the past ten years. The information herein regarding each Deep Track Nominee has been furnished to us by such Deep Track Nominee. 20

We do not expect that any of the Deep Track Nominees will be unable to stand for election,
but, in the event that any Deep Track Nominee is unable to serve or for good cause will not serve, the shares of Common Stock represented by the enclosed WHITEproxy card will be voted for substitute nominee(s), to the extent this is not
prohibited under the Bylaws and applicable law. In addition, we reserve the right to nominate substitute person(s) if the Company makes or announces any changes to the Bylaws or takes or announces any other action that has, or if consummated would
have, the effect of disqualifying a Deep Track Nominee, to the extent