Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 104

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 104
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 things, the material facts, the interests, direct and indirect, of the related persons, the
benefits to Dynavax of the transaction and whether any alternative transactions were available. To identify related-person transactions
in advance, the Audit Committee relies on information supplied by our executive officers and directors. In considering related-person
transactions, the Audit Committee takes into account the relevant available facts and circumstances including, but not limited to (a)
the risks, costs and benefits to Dynavax, (b) the impact on a director’s independence in the event the related person is a director,
immediate family member of a director or an entity with which a director is affiliated, (c) the terms of the transaction, (d) the availability
of other sources for comparable services or products and (e) the terms available to or from, as the case may be, unrelated third parties
or to or from employees generally. In the event a director has an interest in the proposed transaction, the director must recuse himself
or herself from the deliberations and approval. In determining whether to approve, ratify or reject a related-person transaction, the
Audit Committee considers, in light of known circumstances, whether the transaction is, or is not, consistent with the best interests
of Dynavax and our stockholders, as the Audit Committee determines in the good faith exercise of its discretion.

Indemnity Agreements

We have entered into indemnity agreements with some of our officers
and directors so that they will be free from undue concern about personal liability in connection with their service to the Company. The
indemnity agreements provide, among other things, that the Company will indemnify such officer or director, under the circumstances and
to the extent provided for therein, for expenses, damages, judgments, fines and settlements he or she may be required to pay in actions
or proceedings which he or she is or may be made a party by reason of his or her position as a director, officer or other agent of the
Company, and otherwise to the fullest extent permitted under Delaware law.

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<div align='center'>SECURITY OWNERSHIP OF
CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</div>

The following table
sets forth certain information regarding the ownership of the Company’s common stock as of March 14, 2025 by: (i) each director
and nominee for director; (ii) the NEOs; (iii) all executive officers and directors of the Company as a group; and