Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 84

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 84
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 — |     |           |  35,710 |     |            |       — |     |           |     — |     | $          |   445,661 |
|                      |     | 2/15/2024        |     |        |       — |     |         |         — |     |                  | 17,855 |     |        |  35,710 |     |         |  71,420 |     |           |       — |     |            |       — |     |           |     — |     | $          |   615,283 |

| (1) | Represents the target and maximum level of cash incentive award in fiscal year 2024 as further described under “Compensation            
 Discussion and Analysis –Elements of Executive Compensation”; our annual cash incentive program does not specify a threshold            
 level.                                                                                                                                  |
| (2) | Represents the threshold, target and maximum level of PSUs granted in the fiscal year that are subject to performance-based vesting,    
 as described in the “Compensation Discussion and Analysis.”                                                                             |
| (3) | Represents the aggregate grant date fair value of awards granted in fiscal year 2024 in accordance with ASC 718. See Note 15            
 — Equity Plans and Stock-Based Compensation, in the Notes to Consolidated Financial Statements contained in the Company’s               
 Annual Report on Form 10-K filed with the SEC on February 20, 2025 for a discussion of the assumptions we made in determining           
 the compensation costs included in this column. With regard to PSUs, the grant date fair value assumes the highest level of achievement 
 had been met, as reported in the “Summary Compensation Table.” For further discussion of these PSUs, see the section                    
 entitled “Compensation Discussion and Analysis – 2024 Executive Compensation Decisions – Long-Term Equity Incentive                     
 Awards.”                                                                                                                                |

NARRATIVE DISCLOSURE TO SUMMARY COMPENSATION TABLE AND GRANTS OF PLAN BASED AWARDS TABLE

The material terms of NEO annual compensation and
the explanations of the amounts of base salary, annual cash-based incentives, and equity-based awards in proportion to total compensation
are described under “Compensation Discussion and Analysis” in this proxy statement. Our severance and change in control benefits
are described under “Summary of Change in Control and Involuntary Termination Arrangements” in this proxy statement.

As discussed in the “Compensation Discussion
and Analysis,” the fiscal year 2024