On August 1, 2023, PTC?s Board of Directors accepted the resignation of director Blake Moret, which resignation was submitted pursuant to the terms of the Share Purchase Agreement between PTC Inc. and Rockwell Automation Inc. dated as of June 11, 2018, as amended on May 11, 2021, after Rockwell?s ownership of PTC shares fell below 5% of PTC?s outstanding shares. Mr. Moret?s resignation is effective as of August 1, 2023.