Company: IPSI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001213900-25-026455
Chunk: 1004

Company: Innovative Payment Solutions, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 1004
---
 share*  
    Total unvested restricted shares*  
    Weighted average fair market value per share  
    Total vested restricted shares*  
    Weighted average fair market value per share* 
  
    Outstanding January 1, 2023 
     783,167  
    $1.50  
     170,792  
    $1.47  
     612,375  
    $1.50 
  
    Granted and issued 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Vested 
     -  
     -  
     (170,792) 
     (1.47) 
     170,792  
     1.47 
  
    Outstanding December 31, 2023 
     783,167  
    $1.50  
     -  
    $-  
     783,167  
    $1.50 
  
    Granted and issued 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Forfeited/Cancelled 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Vested 
     -  
     -  
     -  
     -  
     -  
     - 
  
    Outstanding December 31, 2024 
     783,167  
    $1.50  
     -  
    $-  
     783,167  
    $1.50 

*After giving effect to a 1
for 30 reverse stock split on August 30, 2023.

F-26

INNOVATIVE PAYMENT
SOLUTIONS, INC.

NOTES
TO THE CONSOLIDATED FINANCIAL STATEMENTS

15STOCKHOLDERS’ EQUITY
(continued)

b.Restricted stock awards (continued)

The
restricted stock granted, issued and exercisable at December 31, 2024 is as