QT Imaging CFO resigns; separation includes $150K payment and consulting with capped fees

QT IMAGING HOLDINGS, INC.

CFO Anastas Budagov resigned effective Aug 29, 2025; receives $150K lump sum in lieu of severance.
Consulting agreement from Aug 29 to Nov 15, 2025, at $180/hr, capped at $20K total, max 10 hrs/week.
Outstanding option grants (325K shares from 2024, 50K from 2025) continue vesting during consulting period.
Separation agreement includes broad release of claims; no severance under prior employment agreement.

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