SNES · SenesTech, Inc.

SenesTech's appointment of Michael Edell as President and CEO marks a significant leadership transition, replacing Joel L. Fruendt amid what appears to be a strategic shift. Edell, aged 62 with prior interim COO role from October 2025 to May 1, 2026, brings entrepreneurial experience from founding eco-friendly consumer goods firms like Westlake Serial Company, LLC and others. His compensation package is competitive for the role, featuring a $360,000 base salary—effective May 1, 2026—a 60% target bonus (pro-rated for 2026 from April 1), and a substantial equity incentive: an option for 5.0% of outstanding shares vesting quarterly over three years, contingent on shareholder approval to expand the 2018 Equity Incentive Plan share reserve. Severance terms provide up to 12 months of base pay, health benefits, accelerated option vesting, and pro-rated bonus upon qualifying termination, aligning incentives with long-term performance. Edell's simultaneous Board appointment as a Class III director until the 2028 meeting, with re-nomination commitment while CEO, strengthens executive oversight continuity. The conclusion of Jamie Bechtel's Interim Executive Chair role streamlines governance. Investors should note the equity grant's dependency on stockholder approval, potentially impacting dilution.