On January 5, 2023, the board of directors of Tactile Systems Technology, Inc. (the “Company”) elected Carmen B. Volkart to serve as a member of the board and fixed the size of the board at eight directors, all effective as of January 5, 2023. Ms. Volkart was also appointed to serve as a member of the Audit Committee and the Compliance and Reimbursement Committee of the board.

Ms. Volkart has served as the chief financial officer of NatureWorks LLC, an advanced materials company and developer of renewably-sourced polymers and chemicals, since October 2018. From October 2012 to July 2018, she served as chief financial officer and, for a portion of that time, as senior vice president of commercialization, for NxThera, Inc., a medical device company. Ms. Volkart served as global chief financial officer of Tornier N.V., a medical device company, from 2010 to 2012, and was chief operating and financial officer, corporate secretary, compliance officer and treasurer of Spine Wave, Inc. from 2006 to 2010. Prior to 2006, she held various executive and financial positions at American Medical Systems, Inc., Medtronic, Inc. and Honeywell, Inc.

For her service on the board, Ms. Volkart will be compensated in accordance with the Company’s non-employee director compensation policy. Ms. Volkart will be granted restricted stock units (“RSUs”) with a value of a pro rata portion of $145,000, such pro rata portion based on the number of days Ms. Volkart will serve until the next annual meeting of stockholders as compared to the number of days between that annual meeting and the immediately preceding annual meeting of stockholders, calculated by dividing the pro rata portion of $145,000 by the closing sale price per share of the Company’s common stock on the Nasdaq Global Market on the date of grant. This initial grant will be made after the close of market on the second business day following the release of the Company’s financial results for the quarter ended December 31, 2022, and will vest in a single installment on the earlier of one year from the grant date or the date of the Company’s 2023 annual meeting of stockholders, subject to the condition that Ms. Volkart remain a director as of that date.

In addition, Ms. Volkart will receive an annual cash retainer of $50,000 per year for her service on the board, a cash retainer of $10,000 per year for her service as a member of the Audit Committee, and a cash retainer of $5,000 per year for her service as a member of the Compliance and Reimbursement Committee, each prorated for her first year of service. Non-employee directors may elect to receive between 10% and 100% of their aggregate annual cash retainers in the form of RSUs, with the number of RSUs calculated by dividing the amount of the retainer payable on a certain date by the closing sale price per share of the Company’s common stock on the date of grant. The Company also reimburses its directors for their reasonable out-of-pocket expenses incurred in connection with attending board and committee meetings.