Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 92

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 92
---
 employment 
 (but in any event not beyond each option’s expiration date); and                                                                     |
| • | the extension of exercisability of all stock options to purchase the Company’s common stock for a period of one year following       
 termination of employment (but in any event not beyond each option’s expiration date).                                               |

The table below outlines the potential payments and benefits payable
to each NEO, in the event of such NEO’s involuntary termination not in connection with a change in control assuming such event had
occurred on December 31, 2024.

| Name                 |     | Severance 
 Payment   |           |     | Continuation 
 of Benefits  |        |     | Value        
 of           
 Accelerated  
 Stock Awards |         |     | Total |           |
|:---------------------|:----|:----------|----------:|:----|:-------------|-------:|:----|:-------------|--------:|:----|:------|----------:|
| Ryan Spencer         |     | $         | 1,878,751 |     | $            | 35,877 |     | $            | 236,523 |     | $     | 2,151,151 |
| Kelly MacDonald      |     | $         |   783,000 |     | $            | 24,252 |     | $            | 180,892 |     | $     |   988,144 |
| David F. Novack      |     | $         | 1,097,250 |     | $            | 44,351 |     | $            | 124,051 |     | $     | 1,265,652 |
| John L. Slebir       |     | $         |   795,000 |     | $            | 37,542 |     | $            | 161,635 |     | $     |   994,177 |
| Robert Janssen, M.D. |     | $         |   813,436 |     | $            | 26,328 |     | $            |  61,028 |     | $     |   900,792 |

| 73 |

<div align='center'>PAY RATIO DISCLOSURE</div>

Under SEC rules, we are required periodically to calculate and disclose
the annual total compensation of our median employee, as well as the ratio of the annual total compensation of our Chief Executive Officer
as compared to the annual total