On April 3, 2015, the Company’s board of directors (the “Board of Directors”) unanimously approved the Company’s Equity Incentive Plan (the “2015 Equity Incentive Plan”), which was approved by the Company’s stockholders. On June 27, 2023, the 2015 Equity Incentive Plan was amended by the Board of Directors, and subsequently approved by the Company’s stockholders, to authorize additional shares of Common Stock for issuance as compensation. On July 30, 2026, the Company’s stockholders approved the 2026 Equity Incentive Plan, which permits the grant of restricted shares or restricted stock units to the Company’s independent directors. On August 11, 2026, pursuant to the 2026 Equity Incentive Plan, the Company’s four independent directors were each granted 11,652 restricted shares of the Company’s Common Stock, which generally vest based on one year of continuous service.

Grant Date (1)

Vesting Date

Restricted Shares of Common Stock - Individual

Restricted Shares of Common Stock - Aggregate

August 2024

August 2025

August 2025 (2)

August 2026

344

(1) Compensation expense related to these restricted shares of Common Stock is recognized over the vesting period, and generally vests based on one year of continuous service. The Company recorded compensation expense related to these

restricted shares of Common Stock in the amount of $73,000 and $55,000 for the three months ended June 30, 2026 and 2025, respectively, and $128,000 and $110,000 for the six months ended June 30, 2026 and 2025, respectively.

(2) These restricted shares of Common Stock were subsequently terminated and cancelled for cash consideration during the three months ended June 30, 2026. As a result, the Company recognized accelerated compensation expense of $18,000 related to these restricted shares of Common Stock during the three months ended June 30, 2026.