Company: FLYE
Filing Date: 2025-02-11
Form Type: PRE 14A
Source: 0001213900-25-012288
Chunk: 10

Company: Fly-E Group, Inc.
Filing Date: 2025-02-11
Form: PRE 14A
Chunk 10
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 retain and reward persons who can and do contribute to such success, and further align the participants’ interests with those of our stockholders. The 2024 Plan will be effective upon our stockholders’ approval (the “Plan Effective Date”). We are submitting the 2024 Plan to our stockholders at this time to comply with Nasdaq listing requirements, which require stockholder approval on equity incentive plans. Summary of the 2024 Plan Plan Administration The 2024 Plan will be administered by our Compensation Committee. Our board of directors will retain the authority under the 2024 Plan to exercise any or all of the powers and authorities related to the administration and implementation of the 2024 Plan. Award Eligibility Awards under the 2024 Plan may be made to our or any of our affiliates’ employees, officers and directors, as well as to consultants and advisors currently providing services to us or any of our affiliates at the time of such award. As of the date of this proxy statement, the Company engages approximately 110 employees, four (4) officers, five (5) directors, and five (5) consultants and advisers. Shares Subject to the 2024 Plan Subject to adjustment in accordance with the terms of the 2024 Plan, the number of shares of our common stock available for issuance under the 2024 Plan is the sum of (A) 3,700,000, plus (B) an increase commencing on April1, 2026, and continuing annually on each anniversary thereof until the tenth anniversary of the Plan Effective Date, equal to the lesser of (i) 8% of the total number of all classes of the Company’s common stock outstanding on the last day of the immediately preceding fiscal year and (ii) such smaller number of shares as determined by the Board or the Committee (the “Share Limit”). Reversion of Shares If any shares covered by an award are not purchased or are forfeited or expire, or if any award otherwise terminates without delivery of any shares subject to the award or is settled in cash in lieu of shares, then the number of shares counted against the Share Limit with respect to such award will, to the extent of any such forfeiture, termination, expiration or settlement, again be available for issuance under the 2024 Plan. Awards The 2024 Plan provides for the grant of awards of stock options, stock appreciation rights (“SARs”), restricted stock, restricted stock units, deferred stock units, unrestricted stock, dividend equivalent rights, and other equity -basedawards