Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 148

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 148
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 Stran &                                    
 Company, Inc. Amended and Restated 2021 Equity Incentive Plan. The purpose of the Plan is to grant restricted stock, stock options and    
 other forms of incentive compensation to our officers, employees, directors and consultants. The maximum number of shares of common stock 
 that may be issued pursuant to awards granted under the Plan is 3,000,000 shares. Cancelled and forfeited stock options and stock awards  
 may again become available for grant under the Plan. For a further description of the Plan, see Item 11. “Executive Compensation          
 – Amended and Restated 2021 Equity Incentive Plan”.                                                                                       |

| (2) | Includes both vested and unvested options to purchase common stock under the Plan. Does not include any 
 restricted stock that has been granted subject to forfeiture as of December 31, 2023.                   |

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| (3) | The amount in column (a) includes the following maximum number of                                           
 shares of common stock that must be issued under performance share awards if specified targets are          
 met and pursuant to the other terms and conditions of the Plan as of December 31, 2023: (i) up to 35,000    
 shares to David Browner, Chief Financial Officer; (ii) up to 40,000 shares to John Audibert, Vice President 
 of Growth and Strategic Initiatives; (iii) up to 100,000 shares to Sheila Johnshoy, Chief Operating         
 Officer; and (iv) up to 84,459 shares to Jason Nolley, former Chief Technology Officer, based on the        
 price at which the common stock of the Company was last sold                                                
 on the Nasdaq Capital Market as of December 31, 2023 ($1.48), which may overstate or understate the         
 actual number of shares to be issued to Mr. Nolley, which must be valued at up to $125,000 in               
 aggregate when issued. The number of shares subject to these awards may overstate expected dilution         
 because the awards reflect the maximum number of shares to be awarded under best-case targets that          
 may be unlikely to be achieved. The weighted-average exercise price in column (b) does not take these       
 awards into account.                                                                                        |

| (4) | Represents shares available for award grant purposes under the Plan. Does not include any restricted stock 
 that has been granted subject to forfeiture as of December 31, 2023.                                       |