On November 1, 2023, Trimble Inc. announced that Darryl R. Matthews, current Senior Vice President of the Company?s natural resources businesses, will be departing the Company at the end of 2023 as a result of the Company?s previously announced joint venture with AGCO Corporation and contribution of the Company?s precision agriculture business, subject to certain exceptions, to the joint venture. In addition, on November 1, 2023, the Company announced that Jennifer K. Lin, the Company?s current Chief Platform Officer, who oversees the Company?s cloud platform strategy, will be departing the Company at the end of 2023. Ms. Lin?s position and responsibilities will be reabsorbed by the Company?s business segments.

Each of Mr. Matthews and Ms. Lin are eligible to receive benefits pursuant to their respective severance agreements entered into with the Company, the form of which has been previously filed by the Company with the Securities and Exchange Commission.