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

(d)

On November 11, 2021, we appointed Roshawn Blunt to our Board of Directors (the "Board") as a Class II director with a term ending at our annual meeting of stockholders to be held in 2022. Ms. Blunt was also appointed as a member of the Compensation Committee of the Board.

In accordance with our non-employee director compensation policy, Ms. Blunt received an initial option grant to purchase 41,200 shares of our common stock. The option vests in a series of three annual installments over the three-year period measured from the date of grant. Ms. Blunt is also eligible to receive an annual retainer of $35,000 for her service on the Board, an additional annual retainer of $5,000 for her service on the Compensation Committee of the Board, and an annual option grant on the date of each of our annual stockholder meetings.

We have also entered into our standard form of indemnity agreement for directors and officers with Ms. Blunt.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses