Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 149

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 149
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 compliance with insider trading laws, rules and regulations, and any listing standards applicable to the
Company. A copy of the Company’s Insider Trading Policy has been filed as Exhibit 19 to this Annual Report.

Code of Business Conduct for Employees, Executive Officers and
Directors

The Board has adopted a Code of Conduct, applicable to all of our employees,
executive officers and directors. The Code of Conduct is available on our website at https://foldapp.com/. Information contained
on or accessible through our website is not a part of this Annual Report and the inclusion of our website address is an inactive textual
reference only. The nominating and corporate governance committee of the Board is responsible for overseeing the Code of Conduct and must
approve any waivers of the Code of Conduct for employees, executive officers and directors. Any amendments to the Code of Conduct, or
any waivers of its requirements, will be disclosed on our website.

Non-Employee Director Compensation

The Board expects to review director compensation periodically to ensure
that director compensation remains competitive such that the Company is able to recruit and retain qualified directors. In connection
with the consummation of the Business Combination, we approved and implemented the Director Compensation Program for our non-employee
directors.

85

Item 11.
EXECUTIVE COMPENSATION.

Throughout this section, unless otherwise noted,
“the company,” “we,” “us,” “our” and similar terms refer to Fold prior to the Business
Combination.

This section discusses the material components of
the executive compensation program for Fold’s executive officers who are named in the “2024 Summary Compensation Table”
below. In 2024, Fold’s “named executive officers” and their positions at year-end were as follows:

●Will Reeves, Chief Executive Officer;

●Wolfe Repass, Chief Financial Officer; and

●Nicoletta Goncalves, Vice President of Risk and Compliance.

This discussion may contain forward-looking statements
that are based on our current plans, considerations, expectations and determinations regarding future compensation programs. Actual compensation
programs that the Company adopts following the completion of the Business Combination may differ materially from the currently planned
programs summarized in this discussion.

2024 Summary Compensation Table

The following table sets forth information concerning
the compensation of Fold’s named executive officers for the year ended December 31, 2024.

    Name and Principal Position 
    Salary  ($)  
    Stock  Awards  ($)(1)  
    Non-Equity  Incentive Plan