Xperi Inc

(a) On November 5, 2024, the Company entered into an Amended and Restated Employment and Severance Agreement (the “Amended and Restated Employment Agreement”) with Jon E. Kirchner, the Company’s Chief Executive Officer and President, effective as of November 6, 2024 (the “Effective Date”). The Amended and Restated Employment Agreement replaces Mr. Kirchner’s existing employment agreement, which was set to expire in June 2025.

The Amended and Restated Employment Agreement has an initial term expiring on the three year anniversary of the Effective Date, with an automatic 12 month extension. The term of the Amended and Restated Employment Agreement will automatically be extended for 18 months following a change in control of the Company if the term would otherwise have expired during such 18-month period.

The Amended and Restated Employment Agreement sets forth Mr. Kirchner’s compensation, including his current annual base salary of $750,000 and his annual target bonus of 100% of his base salary.

Other than the extension of the term, the Amended and Restated Employment Agreement provides for substantially the same terms, including severance benefits, as applied under Mr. Kirchner’s existing employment agreement.

The foregoing description of the Amended and Restated Employment Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amended and Restated Employment Agreement attached hereto as Exhibit 10.1, which agreement is incorporated herein by reference.

(b) None.

(c) Securities Trading Arrangements of Directors and Section 16 Officers.

During the three months ended September 30, 2024, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.