On July 14, 2023, the Board of Directors of RumbleOn, Inc. appointed Steven Pully, Chairman of the Board, to serve as Executive Chairman of the Board. Unless earlier terminated, such appointment is for a term through December 15, 2023. Also on July 14, 2023, Mark Tkach resigned from his position as an unclassified director and the Board appointed him to the vacant Class III Board seat created by the resignation of Marshall Chesrown in accordance with the terms of the cooperation agreement entered into on June 15, 2023, by and among the Company, Mr. Tkach and William Coulter (the ?Cooperation Agreement?).

Mr. Tkach serves, and will continue to serve, on the Executive Transition Committee. Melvin Flanigan?s term as an unclassified director expired upon his election as a Class II director at the 2023 Annual Meeting of Stockholders of RumbleOn (the ?2023 Annual Meeting?). Also on July 14, 2023, Michael Francis resigned as General Counsel and Chief Legal Officer of the Company.