Transition of Chagay Ravid.

 

Effective September 15, 2026, Chagay Ravid ceased serving as Chief Executive Officer and as Interim Chief Financial Officer of Sadot Group Inc. (the "Company"), and his designations as the Company’s principal executive officer, principal financial officer and principal accounting officer terminated. Mr. Ravid also resigned, effective the same date, from each other office he held with the Company and from each office and directorship he held with the Company’s subsidiaries.

 

Mr. Ravid’s transition was by mutual agreement with the Company and did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Mr. Ravid continues to serve as a member of the Company’s Board of Directors (the "Board") and, effective September 15, 2026, was appointed Executive Director of the Company, an executive officer position reporting to the Chief Executive Officer. Mr. Ravid, age 65, has served as a director of the Company and served as Chief Executive Officer from May 28, 2025 and as Interim Chief Financial Officer from August 21, 2026, in each case until September 15, 2026. Information concerning Mr. Ravid’s compensatory arrangements is set forth under Item 5.02(e) below.

 

Appointment of Michael D. Murray as Chief Executive Officer and Chief Financial Officer.

 

On September 15, 2026, the Board appointed Michael D. Murray as Chief Executive Officer and Chief Financial Officer of the Company, effective September 15, 2026, and designated Mr. Murray as the Company’s principal executive officer, principal financial officer and principal accounting officer. Mr. Murray was not appointed to the Board.

 

Mr. Murray, age 57, has served as Chief Executive Officer of GBT Tokenize Corp. since June 2022. From November 2024 to February 2026, Mr. Murray served as Chief Executive Officer and principal financial officer of GBT Technologies Inc. From April 2015 to June 2022, Mr. Murray served in various executive and board positions with GBT Technologies Inc. and its predecessor, including as Chairman, Chief Executive Officer, President and a director. Mr. Murray has more than 25 years of professional experience in finance, mortgage banking, real estate brokerage, sales and development. He previously served as Chief Executive Officer of Home Plus Financial, Inc. and as President of Home Plus Construction, Inc., and has served as a consultant and managing broker since 2013. Mr. Murray holds a Master of Arts in Public Relations and a Bachelor of Arts in Political Science from California Baptist University, as well as associate degrees in Real Estate, Business, Social Science, and Arts and Humanities from Palomar College.