PSQHX 8-K filed 2026 · insiderdelta

Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Resignation of Michael Hebert

On May 26, 2026, Michael Hebert resigned from
his position of Senior Vice President of People of PSQ Holdings, Inc. (the “Company”), effective May 31, 2026. In connection
with his resignation, the Company and Mr. Hebert entered into a Severance Agreement and General Release, dated May 26, 2026 (the “Severance
Agreement”), pursuant to which Mr. Hebert will receive total severance payments of $137,500, minus applicable withholdings, which
represents six months’ pay. Mr. Hebert is also entitled to subsidized COBRA health insurance coverage from June 2026 through the
earlier of (i) December 2026 and (ii) the time that Mr. Hebert obtains new employment, such that Mr. Hebert’s portion of the premium
approximates his regular employee contribution premium. The Severance Agreement also contains a general release in favor of the Company
and provides that Mr. Hebert will continue to abide by the restrictive covenants in his Non-Competition and Non-Solicitation Agreement
with the Company, including his agreement not to (i) solicit the Company’s employees, consultants or independent contractors or
(ii) compete with the Company. Mr. Hebert’s resignation was not the result of a disagreement between Mr. Hebert and the Company
on any matter relating to the Company’s operation, policies, or practices.

The foregoing description of the Severance Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Severance Agreement, a copy of which
is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

PSQHX Psq Holdings, Inc. - 8-K

Item 5.02 - Departure/Election of Directors or Certain Officers

Item 9.01 - Financial Statements and Exhibits