Eargo, Inc. announced that on June 23, 2023, the Board approved plans for Christian Gormsen, President, Chief Executive Officer, and member of the Board of Directors, to separate from the Company and to step down from his positions as President and director, in each case, effective June 30, 2023 (the ‘separation date’). The size of the Board will be reduced by one upon Mr. Gormsen’s separation date, resulting in a remaining Board comprised of six directors. Mr. Gormsen’s resignation from the Board was not due to any disagreement with the Company, and the Board and management team thank Mr. Gormsen for his years of service.