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

On April 8, 2022, William Hoagland, Chief Financial Officer of Ecoark Holdings, Inc. (the “Company”) resigned from his position as of officer of the Company. Mr. Hoagland continues to serve as Chief Executive Officer of Agora Digital Holdings, Inc. (“Agora”), the Company’s bitcoin mining subsidiary.

On April 12, 2022, the Board of Directors of the Company appointed Jay Puchir, 46, as the Company’s Chief Financial Officer. Mr. Puchir has been serving as (i) the Company’s Treasurer, (ii) Agora’s Chief Financial Officer and (iii) the Chief Executive Officer and President of Banner Midstream Corp, another subsidiary of the Company. As a result of his appointment as the Company’s Chief Financial Officer, due to time constraints, Mr. Puchir resigned as Agora’s Chief Financial Officer. In connection with his resignation and agreement to provide transitional services on an as-needed basis, the Agora Board of Directors vested all of Mr. Puchir’s shares of Agora common stock. These shares previously were to vest over a three-year period beginning in October 2022, subject to continued service and performance metrics. The Company expects to report a non-cash compensation expense of $3,437,500 for the quarter ending June 30, 2022 relating to the accelerated vesting of these Agora shares.

Mr. Puchir’s compensatory arrangements did not change in connection with his appointment as the Company’s Chief Financial Officer. The biographical information as required by Item 401(b) of Regulation S-K, and the business experience as required by Item 401(e) of Regulation S-K was previously disclosed in the Company’s Form 10-K filed on June 30, 2021.