Company: SWAGW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074995
Chunk: 30

Company: Stran & Company, Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 months ended June 30, 2024 or the three months ended March 31, 2025.

20

STRAN & COMPANY, INC.

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except
share and per share amounts)

The following table provides information about stock repurchases
during the period April 1, 2025 to June 30, 2025. There were no shares of common stock repurchased for the three months ending March 31,
2025.

    Period 
    Total 
Number of 
    Shares 
Purchased  
    Average 
    Price Paid 
    Per Share  
    Total 
Number of 
    Shares 
Purchased 
    as Part of 
Publicly 
    Announced 
    Plan or 
    Program  
    Maximum 
    Approximate 
    Dollar 
Value of 
Shares that May 
    Yet be 
    Purchased 
Under the 
    Plan or 
    Program 
  
    April 1, 2025 - April 30, 2025 
     —   
    $—   
     —   
    $6,617,594 
  
    May 1, 2025 - May 31, 2025 
     30,949  
    $1.21  
     1,846,115  
    $6,575,864 
  
    June 1, 2025 - June 30, 2025 
     79,344  
    $1.37  
     1,925,459  
    $6,471,760 

M.STOCK-BASED COMPENSATION:

In November 2021, the board of directors
adopted the Amended and Restated 2021 Equity Incentive Plan (the “2021 Plan”) which provides for the granting of non-qualified
stock options and restricted stock to the Company’s employees, officers, directors, and outside consultants to purchase shares of
the Company’s common stock. As of June 30, 2025, the number of shares of common stock available for issuance under the 2021
Plan is 983,905 shares of common stock.

Stock-based compensation expense included
the following components:

    Three Months Ended June 30,  
    Six Months Ended  June 30, 

    2025  
    2024