SWKH SWK Holdings Corporation

Resignation of Chief Financial Officer

On October 3, 2022, Charles Jacobson, the Chief Financial Officer of SWK Holdings Corporation (the “Company”), notified the Company of his decision to resign, effective October 3, 2022. Mr. Jacobson resigned due to the Company's desire to dedicate a full time resource to the Chief Financial Officer role and to focus on his professional obligations to CFGI, LLC and not because of any disagreement with the Company or its independent registered public accountants on any matter relating to the Company’s financial or accounting operations, policies or practices.

Appointment of Chief Financial Officer

On October 3, 2022, the Company announced that its Board of Directors (the “Board”) appointed Yvette Heinrichson as Chief Financial Officer of the Company, effective October 3, 2022. Ms. Heinrichson will also serve as the Company’s principal financial officer and principal accounting officer.

Ms. Heinrichson, 48, joined the Company as Controller in January 2016 and was appointed Chief Accounting Officer in May 2020. Prior to joining the Company, she provided technical GAAP accounting, SEC financial reporting, SOX implementation and process improvement for a number of start-up and multinational public companies in industries including healthcare/bioscience, technology, real estate and manufacturing. Her experience also includes key participation in IPO and other subsequent public offerings, M&A due diligence and post-merger integration. She began her career at Deloitte LLP as a tax professional and financial statement auditor of large accelerated filers. She holds a B.S. in Business Administration from San Francisco State University, as well as the Certified Fraud Examiner (CFE) certification and is a Certified Public Accountant (CPA) registered in the state of California.

In connection with Ms. Heinrichson’s appointment as Chief Financial Officer, the Board approved the following compensation for Ms. Heinrichson: (i) an annual base salary of $300,000, (ii) an incentive cash bonus target amount of 13% of the Company’s 2022 total bonus pool and (iii) a grant of shares of restricted stock made on October 3, 2022 (the “Grant Date”), pursuant to the Company’s 2010 Equity Incentive Plan (the “Plan”), with a fair market value of $150,000 as of the Grant Date, vesting 25% on each of the first four anniversaries of the Grant Date, subject to Ms. Heinrichson’s continued employment and the terms and conditions of the Plan and the award agreements thereunder.

No family relationship exists between Ms. Heinrichson and any of the Company’s directors or executive officers. There are no arrangements or understandings between Ms. Heinrichson and any other person pursuant to which Ms. Heinrichson was selected as an officer of the Company, nor are there any transactions to which the Company is or was a participant and in which Ms. Heinrichson had or will have a direct or indirect material interest subject to disclosure under Item 404(a) of Regulation S-K.