Company: DVAX
Filing Date: 2025-04-15
Form Type: PRER14A
Source: 0000930413-25-001254
Chunk: 51

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-15
Form: PRER14A
Chunk 51
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 through each vesting date; and                                                       |
| • | The Subsequent Grant consists of a non-qualified stock option and an RSU, together equal to the stock option equivalent           
 of 30,000 shares of our common stock (under the Amended Director Compensation Policy, the Subsequent Grant increased such         
 that the Subsequent Grant consists of a non-qualified stock option and an RSU, together equal to the stock option equivalent      
 of 38,000 shares of our common stock).                                                                                            |

| 35 |

Each Initial Grant and each Subsequent Grant under the Director Compensation Policy (as well as the Amended
Director Compensation Policy) will be delivered such that approximately 75% of the value is delivered as a non-qualified stock
option and approximately 25% of the value is delivered as an RSU, using the methodology for determining actual share amounts and
the stock option to RSU award ratio most recently approved by the Board or the Compensation Committee. Also, under the Director
Compensation Policy (as well as the Amended Director Compensation Policy), a non-employee director’s first Subsequent Grant
is reduced to the following:

| • | 75% of the Subsequent Grant if the service period from the non-employee director’s initial election                
 or appointment date to the annual meeting was 7 or more months but less than 10 months;                            |
| • | 50% of the Subsequent Grant if the service period from the non-employee director’s initial election or appointment 
 date to the annual meeting was 4 or more months but less than 7 months;                                            |
| • | 25% of the Subsequent Grant if the service period from the non-employee director’s initial election or appointment 
 date to the annual meeting was 1 month or more but less than 4 months; and                                         |
| • | 0% of the Subsequent Grant if the service period from the non-employee director’s initial election or appointment  
 date to the annual meeting was less than 1 month.                                                                  |

DIRECTOR COMPENSATION TABLE

The following table shows certain information with respect to the cash and equity compensation of all non-employee
directors of the Company for the fiscal year ended December 31, 2024:

| Name(1)                     |     | Fees            
 Earned or       
 Paid in Cash(2) |         |     | Stock        
 Awards(3)(4) |        |     | Option       
 Awards(3)(4) |         |