Company: TIPT
Filing Date: 2025-10-17
Form Type: PREM14A
Source: 0001140361-25-038514
Chunk: 274

Company: TIPTREE INC.
Filing Date: 2025-10-17
Form: PREM14A
Chunk 274
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 units as of December 31, 2022   |     |        224,068 |     |          $1,381 |
| Granted                                  |     |         80,106 |     |           1,200 |
| Vested                                   |     |       -112,034 |     |            -702 |
| Unvested units as of December 31, 2023   |     |        192,140 |     |          $1,879 |
| Granted                                  |     |         80,000 |     |           1,200 |
| Vested                                   |     |       -138,736 |     |          -1,079 |
| Unvested units as of December 31, 2024   |     |        133,404 |     |          $2,000 |

Options As of December 31, 2024, 26,668 time vesting options have been granted under the Fortegra Plan to independent directors of the Company. The options vest in equal parts on the one, two and three year anniversaries of the grant date and expire at the earlier of the ten year anniversary of the grant date, or the date that is ninety days after any termination of the participants service on the board. The weighted average exercise price is $11.25 per common share with a weighted average grant date fair value of $4.57 per share based on 45% selected volatility, 2.78% risk free rate and an expected term of 6 years. In 2023, the Company granted 1,755,633 time vested options and 1,755,624 performance vested options to management under the Fortegra Plan. In 2024, the Company granted an additional 133,333 time vested options and 133,332 performance vested options. The 2023 and 2024 awards contain a strike price per share of $11.25 and $15.50, respectively. The time vested options vest in equal parts over 5 years. The performance vested options vest based on IRR targets of 17% to 24% determined at the time of a change of control of Fortegra or sale by Warburg of more than 50% of all the Fortegra securities (on an as converted basis) acquired in 2022. The time and performance

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TABLE OF CONTENTS

THE FORTEGRA GROUP, INC. AND SUBSIDIARIES Notes to Consolidated Financial Statements December 31,