Former President Andrew Walko terminated without cause; receives $76,667 severance, continued option vesting

SANUWAVE Health, Inc.

Andrew Walko, former President, terminated without cause effective Oct 24, 2025.
Severance: $76,666.67 cash (≈4 months +1 week salary) payable over 4 months; first installment Oct 31, 2025.
Stock options continue vesting during severance period; additional 8,889 options vest, total 44,444; exercise period extended.
Separation agreement includes release of claims, confidentiality, non-disparagement, and cooperation obligations.

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