Navient extends standstill with Sherborne; Edward Bramson to become Board Chair at 2025 meeting

NAVIENT CORP

Covered period extended through earlier of closing of 2025 annual meeting or June 30, 2025, plus 20 business days after Bramson leaves board.
Edward J. Bramson (Sherborne designee) appointed as Board Chair, effective after the 2025 annual meeting.
Sherborne Strategic Fund F, LLC added as a party following internal share distribution from Newbury Investors.
Standstill and other terms remain in effect; termination allowed for material breach after 20-day cure.

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