Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 2707

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 15
Chunk 2707
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   10,074,195   $4.91    4.0   $—   Balance December 31, 2024   10,074,195   $4.91    3.0   $—  

Stock Repurchase Program

On February 21, 2022, the Board of
Directors of the Company authorized a repurchase of up to $10,000 of the Company’s shares from time to pursuant to a stock repurchase
program, or the Repurchase Program. Under the terms of the Repurchase Program, the Company may repurchase shares through open market or
negotiated private transactions. The timing and extent of any purchases depend upon ongoing assessments of the Company’s capital
needs, market conditions and the price of the Company’s common stock, and other corporate considerations, as determined by management,
and are subject to the restrictions relating to volume, price and timing under applicable laws, including but not limited to, Rule 10b-18
promulgated under the Exchange Act. The Repurchase Plan was terminated in June 2024.

F-26

STRAN & COMPANY, INC.

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

Below is a table containing information about purchases
made by the company during the year ended December 31, 2023. The Company did not repurchase any shares during the year ended December
31, 2024.

    Period 
    Total Number of Shares Purchased  
    Average Price Paid per Share  
    Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs  
    Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs 
  
    January 1, 2023 - December 31, 2023 
     37,509  
    $1.32  
     1,815,166  
    $6,618 

O.STOCK-BASED COMPENSATION:

In November 2021, the Board of Directors
adopted the Amended and Restated 2021 Equity Incentive Plan (the “2021 Plan”) which provides for the granting of non-qualified
stock options and restricted stock to the Company’s employees, officers, directors, and outside consultants to purchase shares of
the Company’s common stock. As of December 31,