Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 107

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 107
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Proposal 5). For the Bylaw Proposal,
votes may be cast “FOR,” “AGAINST” or “ABSTAIN” and will be approved if the holders of at sixty-six
and two-thirds percent (66-2/3%) of the shares of common stock outstanding on the Record Date vote in favor of the proposal. Abstentions
and broker non-votes will have the same effect as a vote “AGAINST” this proposal.

All Other Items. Approval of all other proposals and
business as may properly come before the Annual Meeting will be approved if the affirmative vote of the majority of shares present (either
virtually at the Annual Meeting or by proxy) and entitled to vote generally on the subject matter vote in favor of the proposal. If you
return your proxy and select “ABSTAIN” from voting, it will have the same effect as an “AGAINST” vote. Broker
non-votes will have no effect on the outcome of any such proposal or business.

As a result of proxy rules adopted by the SEC, both the Company and
Deep Track are required to name all nominees for election at the Annual Meeting on their respective proxy cards that are distributed to
our stockholders. The Board does NOT endorse any of the Deep Track Nominees and urges you not to vote for any of the four Deep Track Nominees on any proxy card. You can best support the Board of Directors’ recommendations by following the instructions on the GOLD proxy card and vote “FOR” the election of only each of the Board Nominees, “AGAINST” the Bylaw Proposal and in accordance with the Board of Directors’ recommendations with respect to all other proposals. If you have questions or
need assistance voting, please contact MacKenzie Partners, Inc. (“MacKenzie Partners”), our proxy solicitor, using the contact
information below.

How many candidates can be elected as directors at the Annual Meeting?

The Board has set the number of directors standing for election at
the Annual Meeting at four. Therefore, only four nominees can be elected to the Board at the Annual Meeting, which will consist of the
four validly nominated nominees receiving the highest number of affirmative votes “FOR” their election, regardless of whether
they were nominated by your Board or Deep Track.

How do I vote the shares on my proxy card?

The Company encourages stockholders to fill out and return the enclosed
GOLDproxy card or GOLDvoting instruction form or vote by the internet as instructed on your GOLDproxy card or