On May 30, 2023, J. David Basto notified the Board of Directors of Freshpet, Inc. of his resignation from the Board, and all committees thereof, effective May 31, 2023. Mr. Basto was recently promoted to Partner and Head of the Consumer, Media and Retail team in the Americas at The Carlyle Group, and Mr. Basto has therefore concluded that he is no longer able to dedicate the requisite time and attention needed to continue serving on the Freshpet Board at this time, due to increasing firm obligations. Mr. Basto's decision to resign is not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.

Freshpet and the Board are grateful to Mr. Basto for his years of dedicated service to the Company and its stockholders as a valued member of the Board and wish him well in his new role at Carlyle. In light of Mr. Basto's resignation, on May 31, 2023, the Board determined to decrease the size of the Board from eleven directors to ten directors, thereby eliminating the vacancy in Class II of the Board (which is not up for election until the Company's 2025 annual meeting of stockholders) created by Mr. Basto's resignation, effective immediately. Consistent with the Company's prior announcement, the Board will be further reduced from ten directors to nine directors in connection with the retirement of Charles A. Norris from the Board, effective at the Company's 2023 annual meeting of stockholders.