On February 20, 2023, the board of directors of Cyren Ltd. terminated without cause (i) Brett Jackson, Chief Executive Officer of the Company, (ii) Jeffrey Dauer, Chief Financial Officer of the Company, and (iii) Brian Dunn, General Counsel of the Company, effective as of the appointment by the Israeli court of a liquidating trustee. In addition, each of the Company's directors, Hila Karah, James Hamilton, David Earhart, John Becker, Cary Davis, Lauren Zletz and Brett Jackson will cease to be directors of the Company effective as of the date of the appointment by the Israeli court of a liquidating trustee.