Ping Identity Holding Corp. previously announced Merger pursuant to that certain Agreement and Plan of Merger, dated as of August 2, 2022 (the “ Merger Agreement”), by and among Ping Identity Holding Corp., a Delaware corporation (“ Ping” or the “ Company”), Project Polaris Holdings, LP, a Delaware limited partnership (“ Parent”), and Project Polaris Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“ Merger Sub”). Parent and Merger Sub are affiliates of Thoma Bravo Fund XV, L.P., a Delaware limited partnership (the “ Fund”), and private equity fund managed by Thoma Bravo, L.P. As a result of the Merger, at the Effective Time, David A. Breach, Michael Fosnaugh, Martin Taylor, Rod Aliabadi, Andre Durand, Diane Gherson, Paul Martin, John McCormack, Yancey L. Spruill, Vikram Verma and Anil Arora each resigned from the Board of Directors of the Company (the “ Board”) and from any and all committees of the Board on which they served and ceased to be directors of the Company, and the directors of the Merger Sub immediately prior to the Effective Time were appointed as directors of the Company.