XWELL appoints Gerard Reid to board; CEO Ernst resigns as director but remains CEO

XWELL, Inc.

CEO Ezra Ernst resigned as director effective Aug 3, 2026, to focus on CEO role; no disagreement.
Gerard Reid appointed to board; globally recognized energy transition and capital markets expert.
Reid co-founded Alexa Capital, formerly MD at Jefferies, co-hosts Redefining Energy podcast.
Reid will receive $35,000 annual cash fee for board service.
No material transactions or arrangements between Reid and XWELL.

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