Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 341

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 341
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 Ms. Goncalves Fold is party to offer letters with each of Mr.Repass and Ms. Goncalves, which set forth the terms and conditions of employment for each such executive, including base salary, their initial Fold RSU Awards and eligibility to participate in our employee benefit plans. Such offer letters do not provide for severance. Director Compensation Fold has not historically maintained a formal non -employeedirector compensation program, and none of Fold’s non -employeedirectors received compensation from Fold for their service on the board of directors in 2024. In connection with the Business Combination, we intend to approve a compensation program for our non -employeedirectors (the “Director Compensation Program”), which will become effective as of the closing of the Business Combination. The material terms of the Director Compensation Program, as currently contemplated, are summarized below. However, the Director Compensation Program has not yet been approved and these terms are subject to change. Cash Compensation Under the Director Compensation Program, non -employeedirectors serving on the New Fold Board are entitled to cash compensation in the following amounts: •Annual Retainer: $40,000 •Additional Annual Retainer for Non -ExecutiveChair: $50,000 •Additional Annual Retainer for Lead Independent Director: $25,000 •Annual Committee Chair Retainers: •Audit Committee: $20,000 •Compensation Committee: $15,000 •Nominating and Corporate Governance Committee: $10,000 •Annual Non -ChairCommittee Member Retainers: •Audit Committee: $10,000 •Compensation Committee: $7,500 •Nominating and Corporate Governance Committee: $5,000 Annual cash retainers will be paid in quarterly installments in arrears and will be pro -ratedfor any partial calendar quarter of service. 213 Equity Compensation Under the Director Compensation Program, each non -employeedirector who is serving on the New Fold Board as of the date of each annual meeting of the Company’s stockholders following the closing of the Business Combination will be granted, on such annual meeting date, an award of restricted stock units with a grant -datevalue of approximately $125,000 (each an “Annual Award”), which will vest in full on the earlier to occur of (i) the one -yearanniversary of the applicable grant date and (ii) the day before the date of the next annual meeting following the grant date, subject to the director’s continued service on the New Fold Board through the applicable vesting date. Each non -