Company: QLYS
Filing Date: 2025-04-11
Form Type: PRE 14A
Source: 0001140361-25-013472
Chunk: 62

Company: QUALYS, INC.
Filing Date: 2025-04-11
Form: PRE 14A
Chunk 62
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 ownership levels. Consistent with emerging best practices, vested and exercisable stock options do not count towards satisfying the guidelines.

| 53 |

Each executive officer must satisfy his or her applicable ownership level by the later of (i) February 8, 2024 or (ii) five years after becoming an executive officer. Compliance with these guidelines is measured based on the executive officer’s annual base salary and the closing market price of our common stock, in each case as of December 31 of each year (or the next trading day if December 31 is not a trading day). Unless and until an executive officer has satisfied his or her applicable level of ownership, he or she is required to retain an amount equal to 50% of the shares received as the result of the exercise, vesting or payment of any equity awards after any shares are sold or withheld, as the case may be, to (i) pay any applicable exercise price for an equity award or (ii) satisfy withholding tax obligations arising in connection with the exercise, vesting or payment of an equity award.

| Named Executive Officer |     |  Stock Ownership Requirement 
 as a Multiple of Base Salary |     | In Compliance 
 (Yes/No)      |
| Sumedh S. Thakar        |     |                          5.0 |     | Yes           |
| Joo Mi Kim              |     |                          3.0 |     | Yes           |
| Bruce K. Posey          |     |                          3.0 |     | Yes           |

Clawback Policies We previously adopted a clawback policy that prevents an executive officer from benefiting from cash-based incentive compensation or performance-based equity compensation that was paid based on the achievement of performance results that were subsequently restated as a result of the executive officer’s misconduct. This policy helps foster and maintain a culture that emphasizes integrity and accountability. Our clawback policy permits us to require that any of our current or former executive officers who is (or was) subject to Section 16 of the Exchange Act, repay certain cash-based incentive compensation or performance-based equity compensation to us if our Compensation and Talent Committee determines that such executive officer’s actions caused or partially caused us to materially restate all or a portion of our financial statements. In October 2023, we adopted a new compensation recovery policy in accordance with the Exchange Act Rule 10D-1 and the applicable Nasdaq Listing Rules, which supplements our existing clawback policy. This policy provides for the non-discretionary recovery of excess incentive-based