Effective December 31, 2020 (the “Transition Date”), Robert A. Wychulis formally transitioned his role with Inovalon Holdings, Inc. from president to a new position as fellow of the company’s payer business unit. Mr. Wychulis has served as the company’s president since May 2014. The company is very grateful for Mr. Wychulis’ years of service and many valuable contributions to the company and looks forward to his ongoing role with the company as a fellow of the company’s payer business unit. As a fellow of the company’s payer business unit, Mr. Wychulis will devote approximately two days per week to company business, serving as a key leader in support of the company’s business development and client support efforts. In addition, Mr. Wychulis will provide the company with his advice and expertise as a key industry subject matter expert and will work on specific projects as requested by the company’s CEO. As the transition was previously anticipated, as of the Transition Date, Mr. Wychulis has substantially transitioned his responsibilities to the presidents and general managers of the individual business units as well as among other executives of the company. As an Inovalon Fellow, Mr. Wychulis will receive a base salary of $150,000 per year and be eligible for an annual performance-based incentive bonus opportunity of up to 200% of his base salary in a combination of cash and equity.