Material Agreement (Form 8-K)

On June 11, 2026, Apyx Medical Corporation (the "Company") entered into a letter agreement (the "Letter Agreement") with Stavros Vizirgianakis, the Chairman of the Company's Board of Directors (the "Board"), in connection with Mr. Vizirgianakis' appointment as Executive Chairman of the Board.

Pursuant to the Letter Agreement and his appointment as Executive Chairman, Mr. Vizirgianakis will provide strategic leadership and governance oversight, assist management with the execution of corporate initiatives, support investor engagement, advise on capital markets and corporate development matters, and engage in other such comparable duties. Mr. Vizirgianakis will not serve as an officer or employee of the Company and will not be designated as an "executive officer" of the Company for purposes of Rule 3b-7 under the Securities Exchange Act of 1934, as amended.

In connection with Mr. Vizirgianakis' appointment as Executive Chairman and in recognition of his service to the Company, the Board approved a grant to Mr. Vizirgianakis of 450,000 restricted stock units (the "RSUs") under the Company's 2023 Share Incentive Plan (the "Plan"). Each RSU represents a contingent right to receive one share of the Company's common stock. The RSUs will vest as follows, subject to Mr. Vizirgianakis' continued service with the Company through the applicable vesting dates: (i) 150,000 RSUs vest immediately on June 11, 2026 (the "Grant Date"); (ii) 150,000 RSUs will begin vesting on the first anniversary of the Grant Date and will vest ratably over the 12-month period beginning on such date in equal monthly installments; and (iii) 150,000 RSUs will begin vesting on the second anniversary of the Grant Date and will vest ratably over the 12-month period beginning on such date in equal monthly installments. The RSUs will otherwise be subject to the terms and conditions of the Plan and the Letter Agreement.

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