TransphormHighest Performance, Highest Reliability GaN
B. Riley FBR, Inc.
Craig Ellis
Sr. Managing Director
Craig-Hallum Capital Group
Richard C. Shannon, CFA
Sr. Research Analyst
The Benchmark Co.
David Williams
Managing Director, Research Analyst
Loop Capital Markets
Ananda Baruah
Managing Director, Equity Division

Transphorm, Inc. is followed by the analysts listed. Please note that any opinions, estimates or forecasts regarding Transphorm, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Transphorm, Inc. or its management. Transphorm, Inc. does not by its reference or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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