Company: DVAX
Filing Date: 2025-04-07
Form Type: PREC14A
Source: 0001193125-25-074629
Chunk: 20

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-07
Form: PREC14A
Chunk 20
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, was carried on with the Company or any company or organization that is a parent, subsidiary or other affiliate of the Company, and neither of the Deep Track Nominees has ever served on the
Board.

The Deep Track Parties believe that each of the Deep Track Nominees, if elected as a director of the Company, would be an
“independent director” within the meaning of applicable Nasdaq listing standards applicable to board composition, including Rule 5605(a)(2), and Section 301 of the Sarbanes-Oxley Act of 2002. Notwithstanding the foregoing, the Deep
Track Parties acknowledge that no director of a Nasdaq listed company qualifies as “independent” under the Nasdaq listing standards unless the board of directors of such company affirmatively determines that such director is independent
under such standards. Accordingly, the Deep Track Parties acknowledge that if any Deep Track Nominee is elected, the determination of such Deep Track Nominee’s independence under the Nasdaq listing standards ultimately rests with the judgment
and discretion of the Board. If elected, we believe that each Deep Track Nominee would qualify as an independent member of the Company’s Compensation Committee, Nominating and Corporate Governance Committee and Audit Committee under each such
committee’s applicable independence standards. In addition, each Deep Track Nominee understands that, if elected as a director of the Company, such Deep Track Nominee would have an obligation to act in the best interests of the Company and the
Stockholders in accordance with his or her duties as a director.

No Deep Track Nominee has a family relationship with any director,
executive officer, or person nominated or chosen by the Company to become a director or executive officer, and, with respect to each of the Deep Track Nominees, none of the events enumerated in Item 401(f)(1)(8) of Regulation S-K of the Exchange Act occurred during the past ten years.

The information herein regarding each Deep
Track Nominee has been furnished to us by such Deep Track Nominee.

We do not expect that any of the Deep Track Nominees will be unable to
stand for election, but, in the event that any Deep Track Nominee is unable to serve or for good cause will not serve, the shares of Common Stock represented by the enclosed WHITEproxy card will be voted for substitute nominee(s), to the
extent this is not prohibited under the Bylaws and applicable law. In addition, we reserve the right to nominate substitute person(s) if the Company makes or announces any