Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 975

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 975
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 performance awards, and other stock-based awards to employees, directors, and consultants.
The maximum number of shares of common stock authorized for issuance under the 2025 Plan is 1,100,000. Shares subject to awards that
are forfeited, canceled, or expire without being exercised become available for grant under the plan. The 2025 Plan is administered by
the Compensation Committee of the Board of Directors, which has discretion to determine the terms of awards, including vesting and performance
conditions. The exercise price of stock options may not be less than the fair market value of the Company’s common stock on the
date of grant, and the maximum term of any option is ten years. As of June 30, 2025, the remaining shares to be granted are 998,109 under
the 2025 Plan.

    F-32

NETSOL
TECHNOLOGIES, INC.

Notes
to Consolidated Financial Statements

June
30, 2025 and 2024

Stock
Grants

The
following table summarizes stock grants awarded as compensation:

 SUMMARY OF UNVESTED STOCK GRANTS AWARDED AS COMPENSATION

    #
    Number of shares  
    Weighted
    Average Grant Date Fair Value ($) 

    Unvested,
    June 30, 2023 
     -  
    $- 
  
    Granted 
     75,035  
    $2.24 
  
    Vested 
     (75,035) 
    $2.24 
  
    Unvested,
    June 30, 2024 
     -  
    $- 
  
    Granted 
     120,543  
    $2.64 
  
    Vested 
     (120,543) 
    $2.64 
  
    Unvested,
    June 30, 2025 
     -  
    $- 

For
the years ended June 30, 2025 and 2024, the Company recorded compensation expense of $167,333 and $168,050, respectively. In addition,
59,528 shares were issued to the CEO for his bonus, which was earned during fiscal year 2024. The weighted average grant date fair value
is determined by the Company’s closing stock price on the grant date.

Common
stock purchase options consisted of the following:

OPTIONS:

 SCHEDULE OF COMMON STOCK PURCHASE OPTIONS