Tessera Inc. · NYSE American: HLSQ

Board of Directors

The Company is governed by a classified board of four directors serving staggered three-year terms, three of whom qualify as independent under NYSE American listing standards.

Composition

Board composition

Director	Class	Director Since	Term Expires	Independent
Reuven Yeganeh	Class I	January 2026	2027	—
Liat Bidas	Class II	February 2026	2028	Yes
Guy Arieli	Class II	February 2026	2028	Yes
Ran Shaked	Class III	February 2026	2029	Yes

Directors

Director biographies

Reuven Yeganeh

Director

Mr. Yeganeh has served as a director of the Company since January 2026. He also serves as a director of T3 Defense Inc. (Nasdaq: DFNS), a strategic acquirer and operator of aerospace and defense businesses. Since 2024 he has been Chief Executive Officer of Continual Ltd. From 2020 to 2023 he managed investments as a derivatives trader at Inbar Group Finance Ltd. He previously served as Chairman of the board of Fantasy Network (2018–2020) and Direct Capital (2018–2019). Mr. Yeganeh holds a B.A. in Economics and Management with a specialization in Finance from Ruppin Academic Center and is a Licensed Investment Portfolio Manager by the Israel Securities Authority.

Liat Bidas

Independent Director · Chair, Audit Committee · Chair, Nominating and Corporate Governance Committee

Ms. Bidas has served as a director of the Company since February 2026. She is a Managing Partner at UpStream Capital Group, where since 2014 she has been engaged in investments in financial and real estate transactions and provides advisory services and merger proposals. Ms. Bidas serves as Chairperson of both the Audit Committee and the Nominating and Corporate Governance Committee.

Guy Arieli

Independent Director

Mr. Arieli has served as a director of the Company since February 2026. He is a pension and investment advisory specialist with extensive experience providing pension consulting, investment advisory and strategic portfolio management for corporate and institutional clients. Since 2014 he has been self-employed, providing consulting services to leading insurance and financial firms, including managing El Al Airlines' portfolio and pension arrangements. He previously served as a Pension and Investment Advisor at Mivtach Simon Insurance Agencies Ltd. (2012–2014) and at Perfect Investment House, a subsidiary of Altshuler Shaham (2009–2012). Mr. Arieli holds an MBA with a specialization in Finance from Netanya Academic College and a B.B.A. and Industrial Engineering degree from Ruppin Academic Center.

Ran Shaked

Independent Director · Chair, Compensation Committee

Mr. Shaked has served as a director of the Company since February 2026. He is an investment advisor and portfolio manager with over 20 years of experience in capital markets, financial analysis and investment management, with expertise in market analysis, risk assessment and developing investment strategies for private and institutional clients. Since 2015 he has served as a self-employed independent investment advisor and portfolio manager in Israel. He previously provided portfolio management and investment advisory services from 2010 to 2015 and served as a financial analyst and investment advisor from 2006 to 2010.