Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 373

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 373
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1974 and is not a qualified pension, profit sharing or bonus plan under Section 401(a) of the Internal Revenue
Code.

 34 

Stock Subject to the 2021 Plan

Subject to the provisions of the 2021 Plan relating
to adjustments upon changes in common stock, an aggregate of 10,000,000 shares of common stock has been reserved and is currently subject
to outstanding awards, including stock settled appreciation rights, or future awards under the 2021 Plan.

If awards granted under the 2021 Plan expire or otherwise
terminate or are cancelled without being exercised in full, the shares of common stock not acquired pursuant to such awards will again
become available for issuance under the 2021 Plan. If shares of common stock issued pursuant to awards under the 2021 Plan are forfeited
to or repurchased by us, the forfeited or repurchased stock will again become available for issuance under the 2021 Plan.

If shares of common stock subject to an award are
not delivered to a participant because such shares are withheld for payment of taxes incurred in connection with the exercise of an Option,
or the issuance of shares under a Stock Award, or the award is exercised through a reduction of shares subject to the award (“net
exercised”), then the number of shares that are not delivered will not again be available for issuance under the 2021 Plan. In addition,
if the exercise price of any award is satisfied by the tender of shares of common stock to us (whether by actual delivery or attestation),
the shares tendered will not again be available for issuance under the 2021 Plan.

Eligibility

All directors, employees, consultants and advisors
of the Company and its subsidiaries are eligible to receive awards under the 2021 Plan. Incentive Options may only be granted under the
2021 Plan to a person who is a full-time officer or employee of the Company or a subsidiary. The Administrator will determine from time-to-time
which directors, employees, consultants, and advisers will be granted awards under the 2021 Plan.

As of December 31, 2024, there were 6,461,538 shares
previously issued or subject to outstanding awards under the 2021 Plan and 3,538,462 shares were available for future issuance under the
2021 Plan.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth certain