On May 1, 2023, the Board of Directors (the “Board”) of Xtant Medical Holdings, Inc. (the “Company”) elected Jonn R. Beeson to the Board, effective immediately. Mr. Beeson will serve as Chair of a newly formed Nominating and Corporate Governance Committee of the Board. Mr. Beeson is a partner with Jones Day, a global law firm, and has been practicing corporate law since 1996.

His practice focuses on mergers and acquisitions, divestitures, takeovers, capital raising, securities transactions, corporate governance and stockholder activism matters. Mr. Beeson represents a variety of corporate clients and is most active in the life sciences, technology and software industries, with significant experience working with a wide range of medical device companies. Mr. Beeson holds a Bachelor of Science degree from the University of California, Irvine, and a Juris Doctor from the University of Pennsylvania.

Also, on May 1, 2023, Michael Eggenberg and Matthew Rizzo resigned as directors of the Company, effective immediately upon the date in which the Board elected Jonn R. Beeson as a director. Neither Mr. Eggenberg's nor Mr. Rizzo's decision to resign was the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.