On February 2, 2022, Andrew Batinovich notified the Strategic Realty Trust, Inc. (Company) of his resignation as Chief Executive Officer, effective immediately. Mr. Batinovich's decision was based upon personal considerations and is unrelated in any manner to any disagreement over the Company's operations, policies, or practices. Effective February 2, 2022, the Board of Directors appointed Matthew Schreiber, 41, to serve as Chief Executive Officer of the Company.

He continues to serve as Assistant Secretary of the Company, a role he has held since May 2021. As Chief Executive Officer, Mr. Schreiber will be the Company's principal executive officer and will assume the responsibilities that were previously performed by Mr. Batinovich, who acted as principal executive officer of the Company since August 2013. Prior to his appointment as Chief Executive Officer, Mr. Schreiber served as Chief Operating Officer and Senior Vice President of the Company, positions he had held since May 2021.