Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1309

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1309
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1.5099 per share.

On June 29, 2023,
Mr. Stranberg purchased 2,695.707 shares of common stock on the open market at $1.4838 per share.

On June 27, 2023, Mr. Audibert purchased 3,250
shares of common stock on the open market at $1.4723 per share.

On September 7, 2023, Ashley Marshall, a director
of the Company, purchased 760 shares of common stock on the open market at $1.26 per share.

Director Independence 

Independent Directors

Nasdaq’s rules generally require that a
majority of an issuer’s board of directors consist of independent directors. Our board of directors consists of six directors, four
of whom have been determined by our board of directors to be “independent directors” within the meaning of Nasdaq Listing
Rule 5605(a)(2). For a discussion of certain considerations relating to transactions with affiliates of certain of these directors, see
“—Transactions with Related Persons – Transactions with Non-Employee Director Affiliates”, which is incorporated
by reference herein. For discussion of compensation and indemnification arrangements with our independent directors for services performed
as members of our board of directors, see Item 11. “Executive Compensation – Director Compensation” , which is
incorporated by reference herein.

Committees of the Board of Directors 

Our board of directors has established the Audit
Committee, the Compensation Committee, the Nominating and Corporate Governance Committee, and the Disclosure Controls and Procedures Committee,
each with its own charter approved by the board. Each committee’s charter is also available on our website at https://www.ir.stran.com.

In addition, our board of directors may, from
time to time, designate one or more additional committees, which shall have the duties and powers granted to it by the board.

76

Audit Committee 

Travis McCourt, Alejandro Tani, and Ashley Marshall,
each of whom has been determined by our board of directors to satisfy the “independence” requirements of Rule 10A-3 under
the Exchange Act and Nasdaq’s rules, serve on our Audit Committee, with Mr. McCourt serving as the chairman.  Our board has
determined that each of Mr. McCourt and Mr. Tani qualifies as an “audit committee financial expert” as defined by Item 407(d)(5)
of Regulation S-K. The Audit Committee oversees our accounting