On June 4, 2023, David Lamond informed the Board of Directors of Applied Molecular Transport Inc. that he was resigning from the Board, including as chair of the Board's Corporate Governance and Nominating Committee and Compensation Committee, effective on such date. Mr. Lamond's resignation was not the result of any disagreement with management or the Board. On June 5, 2023, the Board decreased the size of the Board to six as a result of Mr. Lamond's resignation.

The Company is very grateful for Mr. Lamond's expertise and valuable contributions to the Company over the years. The company's slate of candidates for election to the Company's Board at its upcoming annual meeting of stockholders will no longer include Mr. Lamond as a candidate. On June 5, 2023, the Board appointed Aaron VanDevender, Ph.D., as chair of its Corporate Governance and Nominating Committee and Charlene Banard as chair of its Compensation Committee.

The members of the Corporate Governance and Nominating Committee are Dr. VanDevender and Holly Schachner, M.D. The members of the Compensation Committee are Ms. Banard, Dr. Schachner and John W. Smither. The members of the Audit Committee are Mr. Smither (Chair), Ms. Banard and Dr. VanDevender.