Mobivity : Management Change/Compensation Form 8 K

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 12, 2024, Mobivity Holdings Corp. (the "Company") announced that the Board of Directors (the "Board") of the Company has appointed Bryce Daniels to serve as the President of the Company, effective as of June 12, 2024 and the Company entered into an employment agreement with Mr. Daniels effective as of the same date.

Mr. Daniels, age 33, served as a portfolio manager at Talkot Capital, LLC since November 2018, where he oversaw a portfolio of private equity, venture capital, and public market investments. Talkot Capital is a significant shareholder of the Company.

Mr. Daniels brings a wealth of experience in investing and building companies in a board capacity from early through late stages of their lifecycle. Prior to his role at Talkot, Mr. Daniels served as the chief investment officer at private equity-backed Encore Permian Holdings. Before that, he spent time in private equity and investment banking, which provided him with a diverse skill set and experience leading financings and, in an investor and board capacity, guiding companies through growth and monetization.

There are no family relationships between Mr. Daniels and any other executive officer or director of the Company that require disclosure under Item 401(d) of Regulation S-K. There are no transactions between Mr. Daniels or any member of his immediate family and the Company that require disclosure under Item 404(a) of Regulation S-K.

The employment agreement provides that Mr. Daniels will receive an annual salary of $300,000, and will be eligible to receive a bonus, as determined in the sole discretion of and subject to objectives determined by the Board, paid on dates as determined by the Board. In addition, Mr. Daniels is eligible to receive stock options to purchase shares of the Company's Common Stock in connection with his commencement of employment, subject to the terms of the Company's current Stock Option Plan and a Stock Option Agreement between Mr. Daniels and the Company. The foregoing descriptions of the employment agreement are qualified by reference to the text of the employment agreement attached as Exhibit 10.1, to this Current Report on Form 8-K, which is incorporated by reference herein.