Company: DMRC
Filing Date: 2025-03-25
Form Type: DEF 14A
Source: 0001437749-25-009135
Chunk: 85

Company: Digimarc CORP
Filing Date: 2025-03-25
Form: DEF 14A
Chunk 85
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imarc Corporation.

| By Order of the Board of Directors, |
| /s/ Riley McCormack                 |
| Riley McCormack                     |
| Chief Executive Officer             |

Beaverton, Oregon

March 25, 2025

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Appendix A

DIGIMARC CORPORATION

EMPLOYEE STOCK PURCHASE PLAN</div>

| Article 1. | PURPOSE |

The purpose of the Plan is to provide employees of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company. It is the intention of the Company to have the Plan qualify as an “employee stock purchase plan” under Section 423 of the Code with respect to employees subject to United States federal income tax but the Company makes no representation of such status or undertaking to maintain such status. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of Section 423 of the Code.

| Article 2. | DEFINITIONS |

Certain capitalized terms used in the Plan have the meanings set forth in Appendix I.

| Article 3. | ELIGIBILITY REQUIREMENTS |

| 3.1. | Eligibility. Except as provided in Section 3.2, each Employee shall become eligible to participate in the Plan in accordance with Article 4 on the first Enrollment Date on or following the later of (a) the date such individual becomes an Employee; or (b) the Effective Date. Participation in the Plan is entirely voluntary. |

| 3.2. | Limitations on Eligibility. The following Employees are not eligible to participate in the Plan: |

| a. | Employees who have been employed less than two (2) years or any lesser period established by the Committee; |

| b. | Employees whose customary employment is twenty (20) hours or less per week or any lesser number of hours established by the Committee; |

| c. | Employees whose customary employment is for not more than five (5) months in any calendar year or any lesser period in a calendar year established by the Committee; |

| d. | Highly Compensated Employees if and to the extent so provided by the Committee; and |

| e. | Employees who, immediately upon purchasing Shares under the Plan, would own directly or indirectly, an aggregate of five percent (5%) or more of the total combined voting power or value of all outstanding shares of all classes of stock of the Company or any Subsidiary (and for