Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 871

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 4
Chunk 871
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2 
     40,411(3) 
     361,274  

    2/28/2023 
    3/1/2023 
     153,469(3) 
     1,372,013  

    1/9/2024 
    9/1/2023 
     1,000(3) 
     8,940  

    8/30/2024 
    6/1/2024 
     89,552(4) 
     800,595  

    Nicolleta Goncalves 
    2/22/2022 
    1/18/2022 
     80,475(3) 
     719,447  

    6/20/2022 
    5/19/2022 
     29,045(3) 
     259,662  

    1/9/2024 
    9/1/2023 
     51,000(3) 
     455,940  

(1)Amounts are calculated based on multiplying the number of
shares shown in the table by the fair market value of Fold Common Stock as of December 31, 2024, which was $8.94 per share.

88

(2)Represents restricted Fold Common Stock which was purchased
by Mr. Reeves at fair market value on the date of grant ($0.35 per share) and which vests with respect to 1/48th of the shares
subject thereto on each monthly anniversary of the vesting commencement date, subject to Mr. Reeves’ continued service through
the applicable vesting date. If, within 12 months following a “change in control” of Fold (as defined in the 2019 Plan),
Mr. Reeves’ employment is terminated (i) by Fold without cause or (ii) due to his resignation following: (A) a
material adverse change in his job position causing such position to be of materially less stature or responsibility or (B) a change
by the Company (or a successor company) in his principal work location by more than 60 miles, then, in either case, the award will vest
in full (to the extent then-unvested).

(3)Represents Fold RSUs that vest upon satisfaction of both a
service-based vesting requirement