On May 10, 2023, RumbleOn, Inc. announced the departure of Peter Levy from his roles as President and Chief Operating Officer of the Company, effective as of May 9, 2023. On May 9, 2023, Adam Alexander and Michael Marchlik, each Class II directors of the Board, informed the Board of their intention not to stand for re-election at the Company's upcoming 2023 annual meeting of stockholders. Mr. Alexander and Mr. Marchlik's decision not to stand for re-election was not due to any disagreement with the Company on any matter relating to its operations, policies, or practices.

On May 9, 2023, the Board appointed Becca Polak as a Class I director of the Company, to fill the vacant seat created by Denmar Dixon's resignation from the Board on January 18, 2023. The Board designated Ms. Polak as a Class I director to stand for re-election at the Company's 2025 annual meeting of stockholders.