Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 90

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 90
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the Summary Compensation Table included in this proxy statement, was $8,210,775. Based on this information, the ratio of the annual total
compensation of our Chief Executive Officer to the median of the annual total compensation of our employees (other than our Chief Executive
Officer) was approximately 42-to-1.

The CEO Pay Ratio above represents our reasonable estimate calculated
in a manner consistent with SEC rules and applicable guidance. SEC rules and guidance provide significant flexibility in how companies
identify the median employee, and each company may use a different methodology and make different assumptions particular to that company.
As a result, and as explained by the SEC when it adopted these rules, in considering the pay ratio disclosure, stockholders should keep
in mind that the rule was not designed to facilitate comparisons of pay ratios among different companies, even companies within the same
industry, but rather to allow stockholders to better understand and assess each particular company’s compensation practices and
pay ratio disclosures.

Neither the Compensation Committee nor our management used our CEO
Pay Ratio measure in making compensation decisions.

| 75 |

ITEM 402(V) PAY VERSUS PERFORMANCE

The disclosure included in this section is prescribed by SEC rules
and does not necessarily align with how the Company or the Compensation Committee view the link between the Company’s performance
and NEO pay. For additional information about our pay-for-performance philosophy and how we align NEO compensation with Company performance,
refer to the “Compensation Discussion and Analysis” beginning on page 43.

Required Tabular Disclosure of Pay Versus Performance

The amounts set forth below under the headings “Compensation
Actually Paid to PEO” and “Average Compensation Actually Paid to Non-PEO NEOs” have been calculated in a manner consistent
with Item 402(v) of Regulation S-K. Use of the term “compensation actually paid” (“CAP”) is required by the SEC’s
rules and as a result of the calculation methodology required by the SEC, such amounts differ from compensation actually received by the
individuals and the compensation decisions described in the “Compensation Discussion and Analysis” section beginning on page
43.

| Year 
 (a)  |      |     | Summary         
 Compensation    
 Table Total for 
 PEO ($)(1&2)    
 (b)             |           |     | Compensation  
 Actually Paid 
 to            
 PEO ($)(1&3)  
 (c)           |           |     | Average         
 Summary         
 Compensation    
 Table Total for 
 Non-PEO