Company: DVAX
Filing Date: 2025-04-17
Form Type: DEFC14A
Source: 0000930413-25-001273
Chunk: 54

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-17
Form: DEFC14A
Chunk 54
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 since 2002. Representatives of Ernst & Young are expected
to be present at the Annual Meeting. Ernst & Young will have an opportunity to make a statement if it so desires and will
be available to respond to appropriate questions.

If the stockholders fail to ratify the selection of Ernst & Young, the Audit Committee will reconsider
whether or not to retain that firm. Even if the selection is ratified, the Audit Committee in its discretion may direct the appointment
of a different independent registered public accounting firm at any time during the year if it determines that such a change would
be in the best interests of the Company and its stockholders.

Vote Required

The affirmative vote of the majority of shares present (either virtually at the Annual Meeting or by proxy)
and entitled to vote on the matter at the Annual Meeting will be required to ratify the selection of Ernst & Young. Abstentions
have the same effect as negative votes. Broker non-votes, if any, are counted towards a quorum but are not counted for any purpose in determining
whether this Proposal 3 has been approved.

To the extent that Deep Track does not provide stockholders who hold their shares in street name a proxy
card or proxy voting instruction form, a broker, bank or other nominee would be able to vote such shares held in street name upon
this proposal routinely, although it is possible that a broker, bank or other nominee may choose not to exercise such discretionary
authority. However, if Deep Track provides stockholders who hold their shares in street name with a white proxy card or white voting instruction form, Proposal 3 will not be considered a “routine” matter, and your broker will not be able
to vote your shares held in street name on this Proposal 3 without your instructions.

<div align='center'>THE BOARD OF DIRECTORS RECOMMENDS

A VOTE “FOR” PROPOSAL 3.</div>

AUDIT FEES

In connection with the audit of our 2025 financial statements, we entered into an engagement agreement with
Ernst & Young which sets forth the terms by which Ernst & Young will perform audit services for us.

The following table represents aggregate fees billed to the Company for the fiscal years ended December 31,
2024 and 2023 by Ernst & Young, our principal auditors. The Audit Committee pre-approved all services described below.

|                    |     | Fiscal Year Ended |      2024 |     |   |      2023 |
|:-------------------|:----|