On June 30, 2021, Select Interior Concepts, Inc. completed the previously-announced sale of its Residential Design Services business (the RDS Business") to Signal Holdco, LP (Purchaser"), pursuant to the terms of that certain Equity Purchase Agreement (the Purchase Agreement"), dated as of May 9, 2021, by and among the Company, Residential Design Services, LLC, an indirect wholly-owned subsidiary of the Company (the Seller"), and L.A.R.K. Industries, Inc., a direct wholly-owned subsidiary of Seller (LARK"), and Purchaser. Effective as of the closing of the RDS Divestiture, Karl Adrian, President of RDS, became an employee of the Purchaser and is no longer employed by the Company.