Shift Technologies, Inc. announced On August 4, 2022, each of George Arison and Kellyn Smith Kenny, members of the Board of Directors of the Company, informed the Company of their decision to resign as a director of the Company, effective August 7, 2023. Mr. Arison served as a Class III director and a member of the Finance Committee of the Board. Ms. Smith Kenny served as a Class I director and a member of the Leadership Development, Compensation and Governance Committee of the Board.

Each of Mr. Arison?s and Ms. Smith Kenny?s decision to resign from the Board was not the result of any disagreement relating to the Company?s operations, policies or practices. Shift thanks Mr. Arison and Ms. Smith Kenny for their commitment and service to the Company. After giving effect to the foregoing director resignations of Mr. Arison and Ms. Smith Kenny from the Board, the Board consists of seven (7) directors and three (3) vacancies.

In addition, following the effectiveness of Mr. Arison?s and Ms. Smith Kenny?s resignation from the Board, on August 7, 2023.