On January 15, 2021, Neil Parikh resigned as the Chief Strategy Officer of Casper Sleep Inc., effective January 31, 2021. Mr. Parikh will continue to serve as a non-employee member of the Company’s Board of Directors (the “Board”). In connection with Mr. Parikh’s resignation, on January 15, 2021, the Company entered into a transition and release of claims agreement (the “Transition Agreement”) with Mr. Parikh.