Company: SWAGW
Filing Date: 2025-01-22
Form Type: 10-K/A
Source: 0001213900-25-005516
Chunk: 110

Company: Stran & Company, Inc.
Filing Date: 2025-01-22
Form: 10-K/A
Chunk 110
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 to the Company’s financial statements            
 beginning on page F-1 of this Annual Report on Form 10-K/A. The maximum aggregate grant date        
 fair value of these awards was $60,200 assuming that the highest level of performance conditions    
 will be achieved. In addition, on February 15, 2024, Mr. Browner was granted 5,000 shares           
 of common stock as a bonus award with respect to the fiscal year ended December 31, 2023.           
 The aggregate grant date fair value of this award was computed in accordance with ASC Topic         
 718 based on the assumptions described in Note Q to the Company’s financial statements              
 beginning on page F-1 of this Annual Report on Form 10-K/A.                                         |

58

| (3) | On                                                                                                  
 April 14, 2023, David Browner was granted an option to purchase 100,000 shares of common            
 stock. The option vests subject to performance conditions with respect to the fiscal year           
 ended December 31, 2023. The aggregate grant date fair value of this award was computed based       
 upon the probable outcome of such conditions consistent with the estimate of aggregate compensation 
 cost to be recognized over the service period determined as of the grant date under ASC Topic       
 718, excluding the effect of estimated forfeitures, and based upon the assumptions described        
 in Note Q to the Company’s financial statements beginning on page F-1 of this Annual                
 Report on Form 10-K/A. The maximum aggregate grant date                                             
 fair value of the award was $60,800 assuming that the highest level of performance conditions       
 will be achieved. On February 15, 2024, Mr. Browner was granted an option to purchase 7,500         
 shares of common stock as a bonus award with respect to the fiscal year ended December 31,          
 2023. The aggregate grant date fair value of this award was computed in accordance with ASC         
 Topic 718 based on the assumptions described in Note Q to the Company’s financial statements        
 beginning on page F-1 of this Annual Report on Form 10-K/A.                                         |

| (4) | Mr. Birney was entitled to the payment                                                             
 of $10,000 per month during 2022 and 2023 as repayment of sales commissions that had been          
 earned in previous years totaling approximately $197,110, subject to certain terms and conditions. 
 During 2022, Mr. Birney was entitled to $120,000 in