ViewRay, Inc. has reached an agreement with Hudson Executive Capital LP ("HEC") to appoint Susan Schnabel to the company's Board of Directors (the "Board") as an independent director, effective as of March 8, 2022. Ms. Schnabel brings significant financial and operational experience to the Board and has worked with numerous companies in executing value-generative transformation and advancing profitable innovation. In addition, the company has retained Sai Nanduri, a Senior Investment Analyst and representative of HEC, as a consultant to work with the Company to enhance shareholder returns.

The Company has agreed to consider Mr. Nanduri as a candidate for election to the Board at the 2023 annual stockholder meeting. Separately, the company also announced that Mr. Kevin Xie has tendered his resignation from the company Board effective March 8, 2022.