Nu Ride modifies director compensation plan: cash paid in advance, RSU grant covers 12 quarters

NU RIDE INC.

Board approved modified plan on May 13, 2024; cash stipend unchanged at $12,000/quarter but now paid in advance.
Equity component changed to a single grant of RSUs valued at $8,000/quarter ($96,000 total) for three-year service period.
Total quarterly compensation remains $20,000 per outside director; no change in aggregate amount.
RSUs granted under 2020 Equity Compensation Plan; vest quarterly through January 30, 2027.

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