Company: DMRC
Filing Date: 2025-04-17
Form Type: PX14A6G
Source: 0001193125-25-084288
Chunk: 6

Company: Digimarc CORP
Filing Date: 2025-04-17
Form: PX14A6G
Chunk 6
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 a vote of “no confidence” in the Company

| • |     | In March 2023, April 2024, and March 2025, Digimarc released proxy statements that included paragraphs about the 
 opportunity for non-employee directors to receive 0%, 50%, or 100% of their annual retainers in common stock     |

| • |     | In March 2023 and April 2024, that paragraph ended with similar language: “Following our annual meeting, 
 all our non-employee directors chose to take at least half of their annual cash retainer in equity”      |

| • |     | In March 2025, that sentence no longer appeared; also, footnote 1 to the 2024                                                       
 Non-Employee Director Compensation Table makes clear that Ms. Kool elected to receive all of her 2024 director compensation in cash |

| • |     | The Form 4 filings in April 2025 reveal that Ms. Kool still chooses to be the lone director not to receive 
 any of her retainer in common stock (i.e., she continues to opt for cash only)                             |

| • |     | It is also concerning that Ms. Kool was named Chair of Digimarc in July 2024, just a few months after 
 choosing to become the only director to receive none of her retainer fees in stock                    |

| • |     | Digimarc shareholders deserve a Chair who believes in the Company enough to “put her money where her mouth 
 is” by receiving her retainer in stock                                                                     |

7

Just as Ms. Kool has repeatedly cast a vote of “no confidence” by eschewing stock to choose to
receive cash for all of her retainer, . We strongly urge you, as Digimarc shareholders, to Withhold your votes from Ms. Kool.

For the reasons stated above, we strongly urge you to Vote No on Digimarc’s say-on-payproposal and Withhold your votes on Mr. McCormack and Ms. Kool.

Sincerely,

Dris Upitis

8

Ocho Publishes Letter to the Shareholders of Digimarc Corporation

NEWS PROVIDED BY

Ocho Investments LLC®

Apr 17, 2025, 07:00 ET

Calls to “WITHHOLD” Votes on CEO and Chair; “VOTE NO” on Say-on-Pay

AUSTIN, Texas, April 17, 2025 /PRNewswire