Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 162

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 162
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 Company’s stock during the period beginning on the second business day following
the day of public release of the Company’s quarterly or annual earnings and ending on the last day of the then-current quarter;
repurchases pursuant to a plan that meets the requirements of Rule 10b5-1; or that meet certain other requirements. A copy of the Insider
Trading Policy was filed by the Company with the SEC on April 14, 2025 as Exhibit 19.1 to the Company’s Annual Report on Form 10-K
for the year ended December 31, 2024.

47

(2)On August 28, 2025, the Company entered into a Stock Purchase
Agreement (the “Stock Purchase Agreement”) with Andrew Shape (the “Seller”), the Company’s President, Chief
Executive Officer and a member of its board of directors. Pursuant to the Stock Purchase Agreement, the Company repurchased from the
Seller 100,000 shares of the Company’s common stock at a price of $1.47 per share, for an aggregate purchase price of $147,024.22
(the “Repurchase”). The Repurchase was effected under, and counted toward, the Company’s Repurchase Program. Because
the Seller is an executive officer and director of the Company and the dollar value of the transaction exceeds the lesser of $120,000
or one percent of the average of the Company’s total assets at year-end for the last two completed fiscal years, the Repurchase
constituted an “Interested Transaction” under the Company’s Related Party Transactions Policy (the “Policy”)
and a transaction with a “related person” under Item 404(a) of Regulation S-K. In accordance with the Policy and the Nominating
and Corporate Governance Committee Charter adopted by the Company’s board of directors, the terms of the Stock Purchase Agreement
and the Repurchase were reviewed and unanimously approved by the board of directors’ Nominating and Corporate Governance Committee,
which is composed entirely of independent directors, and unanimously approved by the full board of directors, which is composed of a
majority of independent directors.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4. MINE SAFETY DISCLOSURES.

Not applicable.

ITEM
5. OTHER INFORMATION.

We have no information to disclose that was required
to be disclosed in a Current Report on Form 8-K during the three months ended September 30, 2025 but was not reported.