Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1069

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 6
Chunk 1069
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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  Compensation ($)(2)  
    All Other  Compensation  ($)(3)  
    Total 
  
    Will Reeves 
     200,000  
     6,004,479  
     37,500  
     7,125  
     6,249,104 
  
    Chief Executive Officer 

    Wolfe Repass 
     195,250  
     803,555  

     998,805 
  
    Chief Financial Officer 

    Nicolleta Goncalves 

    Vice President of Risk and Compliance 
     199,000  
     150,960  
        
     5,942  
     355,902

(1)Amounts reflect the full grant-date fair value of Fold RSUs
granted during 2024 computed in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, rather
than the amounts paid to or realized by the named individual.

(2)Amount reflects a cash bonus paid to Mr. Reeves in respect
of certain revenue generated for Fold in 2024. For additional information, see “— 2024 Bonuses” below.

(3)Amounts represent matching contributions made by Fold made
under Fold’s 401(k) plan.

86

NARRATIVE TO SUMMARY COMPENSATION TABLE

2024 Salaries

The named executive officers receive a base salary
to compensate them for services rendered to Fold. The base salary payable to each named executive officer is intended to provide a fixed
component of compensation reflecting the executive’s skill set, experience, role and responsibilities. During 2024, Fold’s
named executive officers’ annual base salaries were as follows: Mr. Reeves: $200,000; Mr. Repass: $195,250; and Ms. Goncalves:
$199,000. The Summary Compensation Table above shows the actual base salaries paid to each named executive officer in fiscal year 2024.

2024 Bonuses

In 2024, Mr. Reeves received a $37,500 performance
bonus, which he was eligible to earn based on quarterly revenue generated by Fold from certain of its customers. None of our