Effective June 9, 2022, the Board of Directors of GT Biopharma, Inc. appointed Alan L. Urban to fill a vacant seat on the Board and to serve as a member of the Audit Committee of the Board. The Board determined that Mr. Urban qualifies as an independent director as that term is defined in the applicable rules for companies traded on The NASDAQ Stock Market. Mr. Urban, age 53, has over 25 years of experience in corporate finance and accounting.

Mr. Urban has previously served in numerous senior management positions, including: Chief Financial Officer of Research Solutions from 2011 through 2021; Chief Financial Officer of ReachLocal from 2007 to 2009, an internet marketing company that ranked #1 on Deloitte's Tech Fast 500 List; Chief Financial Officer of a leading online poker company from 2005 to 2006; and Vice President of Finance and Treasurer for Infotrieve from 2000 to 2004. Mr. Urban has also held positions as an audit and tax manager in public accounting, and as an internal auditor. He holds a B.S. in Business, with a concentration in Accounting Theory and Practice, from California State University, Northridge and has been a Certified Public Accountant (currently inactive) since 1998.

Mr. Urban's significant experience as a member of senior management of public reporting companies make him a valuable addition to the Board.