On March 20, 2023, the Delaware corporation formerly known as “Graybug Vision, Inc.” completed its previously announced merger transaction in accordance with the terms and conditions of the Agreement and Plan of Merger and Reorganization, dated as of November 21, 2022, as amended on February 10, 2023 (the “Merger Agreement”), by and among Graybug Vision, Inc. (“Graybug”), Camaro Merger Sub, Inc., a wholly owned subsidiary of Graybug (“Merger Sub”), and CalciMedica, Inc. (“CalciMedica”), pursuant to which Merger Sub merged with and into CalciMedica, with CalciMedica surviving the merger as a wholly owned subsidiary of Graybug (the “Merger”). In accordance with the terms of the Merger Agreement, (i) each of Eric Bjerkholt, Christy Shaffer, Ph.D., Christina Ackermann, Julie Eastland and Dirk Sauer, Ph.D., resigned from Graybug's board of directors and any respective committee membership of Graybug's board of directors, effective as of the effective time of Merger, (ii) Eric Bjerkholt was reappointed to the Company's board of directors as a Class I director, effective as of the effective time of the Merger, and (iii) each of Frederic Guerard, PharmD., Graybug's President and Chief Executive Officer, and Robert S. Breuil, Graybug's Chief Financial Officer, were terminated effective as of the effective time of the Merger. In addition, as previously disclosed, on February 28, 2023, the board of directors of Graybug terminated Parisa Zamiri's employment in advance of the anticipated closing date of the Merger.