Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 426

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1B
Chunk 426
---
 authority to review extraordinary events that impact the Company’s performance
and may adjust the calculation of the number of shares earned under an award by taking into account the effect of any such extraordinary
events. The Compensation Committee did not make any such adjustments for Fiscal 2025.

46

ITEM
12- SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The
following table sets forth certain information regarding the beneficial ownership of the Company’s Common Stock, its only
class of outstanding voting securities as of September 18, 2025, by (i) each person who is known to the Company to own beneficially
more than 5% of the outstanding common Stock with the address of each such person, (ii) each of the Company’s present
directors and officers, and (iii) all officers and directors as a group:

    Number of Shares  

    Name of Beneficial Owner (1) 
    Beneficially Owned (2)  
    Percentage 
  
    Najeeb Ghauri
    (3) 
     923,338  
     7.83%
  
    Naeem Ghauri
    (3) 
     459,853  
     3.90%
  
    Mark Caton
    (3) 
     163,811  
     1.39%
  
    Syed Kausar Kazmi
    (3) 
     73,674  
     * 
  
    Michael Francis**
    (3) 
     24,662  
     * 
  
    Ian Smith
    (3) 
     -  
     * 
  
    Patti McGlasson
    (3) 
     81,050  
     * 
  
    Roger Almond
    (3) 
     20,736  
     * 
  
    Malea Farsai
    (3) 
     39,811  
     * 
  
    The Vanguard Group
    (5) 
     649,497  
     5.51%
  
    All officers and directors as a group (nine persons)
      
     1,786,935  
     15.16%

*
Less than one percent

**
Michael Francis is no longer a director of the Company

(1)
Except as otherwise indicated, the Company believes that the beneficial owners of