Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 37

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 37
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| 26 |

INDEPENDENCE OF THE BOARD OF DIRECTORS

As required under the Nasdaq listing standards, and our Corporate Governance Guidelines, independent directors
must comprise a majority of our Board. Under Nasdaq rules, a director will only qualify as independent if the listed company’s
Board makes an affirmative determination that the person does not have a relationship that would interfere with the exercise of
independent judgment in carrying out the responsibilities of a director. In addition, applicable Nasdaq rules require that, subject
to specified exceptions, each member of our audit, compensation and nominating committees be independent. Audit committee members
must also satisfy the independence criteria set forth in Rule 10A-3 under the Exchange Act.

Our Board has undertaken a review of the independence of each director and considered whether any director
has a material relationship that could compromise such director’s ability to exercise independent judgment in carrying out
such director’s responsibilities. Based upon the information requested from and provided by each director concerning such
director’s background, employment and affiliations, including family relationships,