Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 85

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 85
---
 cash incentive amounts were paid pursuant to the annual cash incentive compensation program,
based on the achievement of certain corporate and, as applicable, individual goals. Equity-based awards represent a mix of stock options
and time-based and performance-based RSUs, as described in the “Compensation Discussion and Analysis” and were granted under
our 2018 Equity Incentive Plan.

| 67 |

<div align='center'>OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END</div>

The following table shows certain information regarding outstanding
equity awards for NEOs as of December 31, 2024.

| Name            |     |        |     |   Number of 
  Securities 
  Underlying 
 Unexercised 
 Options (#) 
 Exercisable |     |     Number of 
    Securities 
    Underlying 
   Unexercised 
   Options (#) 
 Unexercisable |     | Option       
 Awards       
 Equity       
 Incentive    
 Plan Awards: 
 Number of    
 Securities   
 Underlying   
 Unexercised  
 Unearned     
 Options (#)  |     | Option   
 Exercise 
 Price    
 ($)      |       |     | Vesting      
 Commencement 
 Date         |     | Option     
 Expiration 
 Date       |     |  Number of 
  Shares or 
 Units that 
   Have Not 
 Vested (#) |     | Stock    
 Awards   
 Market   
 Value    
 of Stock 
 that     
 Have Not 
 Vested   
 ($)(1)   |           |     | Equity     
 Incentive  
 Plan       
 Awards:    
 Number of  
 Unearned   
 Shares or  
 Other      
 Rights     
 that Have  
 Not        
 Vested (#) |         |     | Equity    
 Incentive 
 Plan      
 Awards:   
 Market    
 or        
 Payout    
 Value of  
 Unearned  
 Shares or 
 Other     
 Rights    
 that Have 
 Not       
 Vested    
 ($)(1)    |           |
|:----------------|:----|-------:|:----|------------:|:----|--------------:|:----|:-------------|:----|:---------|------:|:----|:-------------|:----|:-----------|:----|-----------:|:----|:---------|----------:|:----|:-----------|--------:|:----|:----------|----------:|
| Ryan Spencer    |     |     -8 |     |       9,500 |     |             — |     | —            |     | $