Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On May 23, 2022, Michael DiTullio, previously President, Velocity Business at PTC Inc. (the "Company"), assumed the role of President of the Company's Digital Thread Business.

On May 18, 2022, it was agreed that Troy Richardson, who led the Company's Digital Thread Business for the past year, will be leaving the Company after a transition period, the term of which has not been determined. At the end of the transition period, and subject to the execution of a general release of claims, Mr. Richardson will be entitled to receive the cash severance and benefits continuation provided under his existing Executive Agreement with the Company dated November 16, 2020, as described in the Company's definitive proxy statement for its 2022 Annual Meeting of Shareholders as filed with the Securities and Exchange Commission on December 20, 2021.

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