Company: SQFTP
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001641172-25-003040
Chunk: 48

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 48
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 assumptions used to determine the fair value of these awards, see Note 11 to the Financial Statements for the year ended December 31, 2024 included in our Form 10-K for such year. The stock awards vest annually in equal installments over a three-year period.

(4) Amount represents cash distributions received in 2024 from unvested shares of our Series A Common Stock held by each non-employee director. Amounts also include reasonable out-of-pocket expenses (i.e., airfare, hotel, car rental, etc.) incurred by directors for which we reimburse in connection with in person attendance at Board of Directors meetings, committee meetings and the annual holiday party.

As of December 31, 2024, our current non-employee directors held the following shares of unvested restricted stock:

| Name               |     | Shares |        |
| Jennifer A. Barnes |     |        | 15,983 |
| David T. Bruen     |     |        | 25,753 |
| James R. Durfey    |     |        | 22,616 |
| Tracie Hager       |     |        | 21,414 |
| Elena Piliptchak   |     |        |      - |

As of December 31, 2024, our current non-employee directors held the following Series A Warrants they received on unvested restricted stock in January 2022:

| Name               |     | Shares |        |
| Jennifer A. Barnes |     |        | 22,541 |
| David T. Bruen     |     |        | 21,881 |
| James R. Durfey    |     |        | 30,481 |
| Tracie Hager       |     |        |      - |
| Elena Piliptchak   |     |        |      - |

| 34 |

Equity Plans

2017 Incentive Award Plan

Effective as of October 18, 2017, we adopted the 2017 Incentive Award Plan, or the Plan, most recently amended and restated on June 1, 2023, under which we may grant cash and equity incentive awards to eligible service providers in order to motivate, attract and retain the talent for which we compete.

Eligibility and Administration. Our employees, consultants and directors (including employees, consultants and directors of our subsidiaries) are eligible to receive awards under the Plan. Approximately 22 employees, two consultants and five non