Company: DVAX
Filing Date: 2025-04-03
Form Type: PREC14A
Source: 0000930413-25-001153
Chunk: 118

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-04-03
Form: PREC14A
Chunk 118
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and Deep Track does not provide you with a white proxy card or white voting instruction form, then Proposal 3 would be considered
a routine matter and your broker, bank or other nominee would be able to vote upon the matter if you do not provide them with
specific voting instructions, although it is possible that your broker, bank or other nominee may choose not to exercise such
discretionary authority. In that case, if you do not instruct your broker how to vote with respect to Proposal 3, your broker
may not vote with respect to such proposal. Therefore, we strongly encourage all street name holders to instruct their brokers, banks or other nominees to vote their shares held in street name by filling out and returning the GOLD voting instruction form.

What is the effect of abstentions and broker non-votes?

Abstentions and “WITHHOLD” votes will be treated
as shares that are present and entitled to vote for purposes of determining whether a quorum is present at the Annual Meeting.
In the case of Proposal 1, any “WITHHOLD” votes will not be counted as “votes cast” in favor of the applicable
nominee. In the case of each of Proposal 2, Proposal 3, Proposal 4, and Proposal 5, abstentions will have the same effect as a
vote “AGAINST” these proposals.

To the extent broker non-votes arise, such broker non-votes
will be treated as shares that are present and entitled to vote for purposes of determining whether a quorum is present at the
Annual Meeting. In the case of Proposal 1, any broker non-votes will not be counted as votes cast in favor of the applicable nominees.
In the case of each of Proposal 2 and Proposal 3, any broker non-votes will not be counted as “votes cast” either
in favor of or against a particular proposal and will not be counted for any purpose in determining whether such proposal has
been approved. In the case of each of Proposal 4 and Proposal 5, broker non-votes will have the same effect as a vote “AGAINST”
these proposals.

What is the quorum requirement?

A quorum of stockholders is necessary to hold a valid Annual
Meeting. A quorum will be present if stockholders holding at least a majority of the outstanding shares entitled to vote are present
virtually at the Annual Meeting or represented by proxy. On the

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Record Date, there were shares outstanding and entitled to
vote