Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 91

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 91
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 Robert Janssen, M.D. |     | $         |   813,436 |     | $            | 26,328 |     | $            |  61,028 |     | $     |   900,792 |

| 74 |

<div align='center'>PAY RATIO DISCLOSURE</div>

Under SEC rules, we are required periodically to calculate and disclose
the annual total compensation of our median employee, as well as the ratio of the annual total compensation of our Chief Executive Officer
as compared to the annual total compensation of that median employee (“CEO Pay Ratio”). To identify our median employee, we
used the following methodology:

| • 
 • | To determine our total population of employees, we included all full-time, part-time, and temporary employees as of December 31,      
 2024.                                                                                                                                 
 To identify our median employee from our employee population, we calculated the aggregate amount of each employee’s 2024              
 base salary (using a reasonable estimate of the hours worked and overtime actually paid during 2024 for hourly employees and actual   
 salary paid for our remaining employees), the actual value of annual cash incentive awards earned in 2024, and the value of equity    
 awards granted in 2024 using the same methodology we use for estimating the value of the equity awards granted to our named executive 
 officers and reported in our Summary Compensation Table.                                                                              |
|:--|:--------------------------------------------------------------------------------------------------------------------------------------|
| • | In making this determination, we annualized the compensation elements listed above of employees who were employed by us for less      
 than the entire calendar year.                                                                                                        |
| • | Compensation paid in foreign currencies was converted to U.S. dollars based on exchange rates in effect on December 31, 2024.         |

Using this approach, we determined our median employee. Once the median
employee was identified, we then calculated the annual total compensation of this employee for 2024 in accordance with the requirements
of the Summary Compensation Table.

For 2024, the median of the annual total compensation of our employees
(other than our Chief Executive Officer) was $195,898 and the annual total compensation of our Chief Executive Officer, as reported in
the Summary Compensation Table included in this proxy statement, was $8,210,775. Based on this information, the ratio of the annual total
compensation of our Chief Executive Officer to the median of the annual total compensation of our employees (other than our Chief Executive
Officer) was approximately 42