As of April 4, 2025, Mr. Rawson had 25,000 shares of our common stock pledged, which represented approximately 11.2% of the shares of our common stock Mr. Rawson beneficially owned. After a thorough review, the Board approved Mr. Rawson s pledge of shares based on their determination that the number of shares pledged by him were not significant. In making this determination, the Board considered that Mr. Rawson would continue to hold a material amount of unpledged shares, the pledged shares were less than 1% of our total shares outstanding and market capitalization, and the pledged shares also represented an amount that could reasonably be expected to be sold in an orderly manner in a short period of time given the Company s historic average daily trading volume. The Board also considered that a significant number of Mr. Rawson s shares were earned during his employment with the Company and are not related to compensation for service on the Board, his compliance with our stock ownership guidelines (disregarding the pledged shares), the purpose of his pledge being unrelated to an attempt to shift or hedge economic risk in owning Company shares, and the agreement from the lending bank to which the shares are pledged that it would not exercise any rights with respect to the pledged shares (including a sale of such shares) at any time that Mr. Rawson would be unable to take a similar action under our insider trading or other applicable policies.