Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1301

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1301
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 the Plan will be made, without the approval of our stockholders, to the extent that such approval is required
by law or the rules of an applicable securities exchange, or such alteration or amendment would change the number of shares
available under the Plan or change the persons eligible for awards under the Plan. No amendment to an outstanding award made under
the Plan that would adversely affect the award may be made without the consent of the holder of such award.

72

Clawback Policy

On November 2, 2023, our board of directors adopted
the Company’s Clawback Policy in accordance with applicable Nasdaq rules (the “Clawback Policy”). The Clawback Policy provides
that we will recover reasonably promptly the amount of erroneously awarded incentive-based compensation to any current or former executive
officers in the event that the Company is required to prepare an accounting restatement due to the material noncompliance of the Company
with any financial reporting requirement under the securities laws, including any required accounting restatement to correct an error
in previously issued financial statements that is material to the previously issued financial statements, or that would result in a material
misstatement if the error were corrected in the current period or left uncorrected in the current period. A copy of the Clawback Policy
is filed as Exhibit 97.1 to this Annual Report on Form 10-K.

Pursuant to Rule 10D-1(b) of the Exchange Act,
Nasdaq Listing Rule 5608, and the Clawback Policy, the Company conducted a recovery analysis of incentive-based compensation received
by its executive officers and that was subject to recovery, to ascertain whether any adjustments were required as a result of the error
corrections to the Company’s financial results during the year that are described in Note B to the financial statements included
in our Annual Report on Form 10-K/A for the year ended December 31, 2023, filed by the Company with the SEC on January 22, 2025. The recovery
analysis concluded that no adjustments to executive compensation were required because the error corrections did not impact any of the
measures by which the Company compensated its executives with respect to the compensation received by its executive officers and subject
to recovery.

 ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth certain information
with respect to the beneficial ownership of our common stock as of April 8, 2025