Company: FGMCU
Filing Date: 2025-12-30
Form Type: S-4/A
Source: 0001104659-25-124947
Chunk: 457

Company: FG Merger II Corp.
Filing Date: 2025-12-30
Form: S-4/A
Chunk 457
---
 shall not be issued, but deferred until the “Distribution Date,” which is defined as the earlier of five (5) business days following the date on which the Grantee ceases to be a Director of BOXABL or the date of the consummation of a Qualifying Transaction. In the case of both the 2024 and 2023 grants, the portion of any unvested RSUs will be forfeited upon termination of service as a Director to BOXABL, and such portion shall be cancelled by BOXABL. Upon termination of service as a Director of BOXABL by reason of death or disability, the portion of RSUs awarded that is not vested and unrestricted as of that date shall immediately vest and become unrestricted. |

| (3) | Mr. Valasek served as a director of BOXABL until his resignation on February 7, 2025. |

| (4) | Ms. Stanaway and Mr. Ugalde served as a director of BOXABL until their resignation on June 30, 2025. |

| (5) | Mr. Cooper served as a director of BOXABL until his resignation on December 12, 2025. |

Under the terms of the directors’ participation agreements, awards of Restricted Stock Units will be revisited as terms of service mature. Each non-employee director is entitled to reimbursement for reasonable expenses relating to his or her service on the Board and any committee, including travel, meals, and other related expenses. Compensation Committee and Insider Participation From January 1 through June 16, 2023, BOXABL did not have a compensation committee or any other committee performing equivalent functions of a compensation committee. Paolo and Galiano Tiramani, our Co-Chief Executive Officers, each in his capacity as a director serving on the board of directors, participated in deliberations of the board of directors concerning executive officer compensation and were employed by BOXABL. Beginning June 16, 2023, BOXABL’s Compensation Committee was established. Our Co-Chief Executive Officers are not members of the Compensation Committee and no longer participate in deliberations concerning executive officer compensation.

247

Outstanding Equity Awards at Fiscal Year-End

| ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 ​                 
 Name              
 Paolo Tiramani    
 Galiano Tiramani  | ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​     
 ​