Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Separation Agreement

On June 21, 2022, Mr. Murphy signed a mutual separation agreement with the Company (the "Separation Agreement") pursuant to which Mr. Murphy will receive a cash payment of $141,667 less applicable taxes, Consolidated Omnibus Budget Reconciliation Act (COBRA) benefits for up to one year from his separation date and an extension of the post-termination exercise period for his vested stock options for one year from his separation date. The agreement also includes a release of claims.

The above summary is not complete and is qualified in its entirety by the Separation Agreement, a copy of which is expected to be filed as an exhibit to our next Quarterly Report on Form 10-Q.

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