Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 108

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 108
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 please contact our Corporate Secretary to schedule an appointment by
calling (510) 848-5100 or writing to him at the address above.

Is the Company using a universal proxy card in connection with voting at the Annual Meeting?

A: Yes. The SEC has adopted rules requiring the use of a universal
proxy card in contested director elections that took effect on August 31, 2022. Although the Company is required to include all nominees
for election on its universal proxy card, the Company does not endorse any of the Deep Track Nominees or the Bylaw Proposal and unanimously
recommends stockholders vote “FOR” the election of only each of the four Board Nominees and “AGAINST” the Bylaw
Proposal using the GOLDproxy card or GOLDvoting instruction form.

What vote is necessary to pass the items of business at the Annual Meeting?

Because of the contested nature of the solicitation, without your voting
instructions, to the extent your broker, bank or other nominee provides you with Deep Track’s proxy materials, your broker, bank
or other nominee may not vote your shares with respect to the below proposals or on any of the other proposals on the agenda for the Annual
Meeting. If, however, you are a stockholder who holds your shares in street name and Deep Track does not provide you with a white proxy
card or white voting instruction

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form, then Proposal 3 would be considered a routine matter and your
broker, bank or other nominee would be able to vote upon the matter if you do not provide them with specific voting instructions, although
it is possible that your broker, bank or other nominee may choose not to exercise such discretionary authority. In that case, if you are
a street name holder and do not instruct your broker how to vote with respect to Proposal 3, your broker may not vote with respect to
such proposal. Therefore, we strongly encourage all street name holders to instruct their brokers, banks or other nominees to vote their shares held in street name by filling out and returning the GOLD voting instruction form.

Election of Directors (Proposal 1). For the election
of directors, votes may be cast “FOR” or “WITHHOLD.” Directors are elected by a plurality of the votes of the
shares present virtually at the Annual Meeting or represented by proxy and entitled to vote generally on the election of directors. The
four nominees receiving the highest number of “FOR” votes cast in person or by proxy will be elected. “WITH