Jared R. Smith was the Chief Executive Officer of the Company. On May 21, 2025, the Company entered into a Settlement Agreement with Mr. Smith and others, pursuant to which, effective as of May 30, 2025, Mr. Smith resigned as a member of the Board of Directors and from his position as Chief Executive Officer of the Company and as an officer or member of each of the Company's direct and indirect subsidiaries. Pursuant to his employment agreement, Mr. Smith was eligible to receive an annual cash performance bonus targeted at 100%-125% of his salary beginning in fiscal year 2024. Under his employment agreement, Mr. Smith was granted stock options to purchase 400,000 shares of Common Stock, 100,000 of which vested immediately and 300,000 of which were set to vest in equal quarterly installments of 25,000 over three years beginning in the quarter ended September 30, 2023. The remaining unvested shares were accelerated on May 30, 2025 in accordance with Mr. Smith's separation agreement. Mr. Smith was entitled to receive 133,333 shares of Common Stock on an annual basis, granted in equal installments following the end of each calendar quarter, subject to continued employment.