Company: CRCT
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001828962-25-000058
Chunk: 54

Company: Cricut, Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 54
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 would result in no portion of the payments and benefits being subject to the excise tax, whichever results in the greater amount of after-tax benefits to them. No participant is entitled to any tax gross-up payments with respect to “parachute payments.”

Potential Payments

The tables below list the estimated amount of compensation payable to each of the named executive officers for the events listed. The amounts shown assume that such termination was effective as of December 31, 2024, and include all components of compensation, benefits and perquisites payable under the arrangements discussed above.

Estimated amounts for equity awards are based on the closing price of our Class A common stock on the Nasdaq on December 31, 2024, which was $5.70 per share, after the payment of any applicable exercise price. The actual amounts for all named executive officers to be paid out can only be determined at the time of such executive’s separation.

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| Ashish Arora                          |     | Change in Control on 12/31/2024 ($) |     | Involuntary Not for Cause or Voluntary for Good Reason (Change in Control) Termination 12/31/2024 ($) |     | Disability or Death on 12/31/2024 ($) |
| Executive Benefits and Payments       |     |                                   — |     |                                                                                                     — |     |                                     — |
| Compensation:                         |     |                                   — |     |                                                                                                     — |     |                                     — |
| Base Salary                           |     |                                   — |     |                                                                                               514,800 |     |                                     — |
| Short-Term Cash Incentive Plan        |     |                                   — |     |                                                                                                     — |     |                                     — |
| Equity Awards                         |     |                          13,437,608 |     |                                                                                            13,437,608 |     |                            13,437,608 |
| Total Executive Benefits and Payments |     |                          13,437,608 |     |                                                                                            13,952,408 |     |                            13,437,608 |

| Kimball Shill                         |     | Involuntary Not for Cause or Voluntary for Good Reason (Change in Control) Termination 12/31/2024 ($) |     | Disability or Death on 12/31/2024 ($) |
| Executive Benefits and Payments       |     |                                                                                                       |     |                                       |
| Compensation:                         |     |                                                                                                       |     |                                       |
| Base