Company: GGR
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001886190-25-000017
Chunk: 200

Company: Gogoro Inc.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 18
Chunk 200
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 paid by the purchaser to Gogoro for such shares, which repurchase option will lapse pursuant to terms set forth by the administrator. Once restricted share is purchased or received, participants will have the rights equivalent to those of a holder of shares. No adjustment will be made for a dividend or other right for which the record date is prior to the date the restricted share is purchased. Awards may not be transferred, assigned, pledged, donated or otherwise disposed of in any manner, other than with respect to options by the laws of wills and descent. Gogoro had not granted any additional awards under 2019 Equity Incentive Award Plan after September 2021 and such plan had been terminated on the Closing Date.

Pursuant to the 2022 Equity Incentive Award Plan, Gogoro reissued and granted 84 2.15 60 40

In relation to the Earnout Arrangement as disclosed in Note 12, eligible employees who are granted employee restricted shares are entitled to their pro rata portion of Earnout Shares if the employee restricted shares are vested in accordance with their terms. The rights to Earnout Shares of employees who are granted employee restricted shares were accounted for as a share-based payment transaction.

F-39

Table of Contents

Information of restricted shares was as follows:

                                         Unit: in Thousands of Shares                                                                 
                                         For the Year Ended December 31                                                               
                                         2024                                               2023                     2022             
  Shares unvested as of January 1                                            3,419                    5,569                    7,791  
  Shares granted                         84                                                    —                        —             
  Shares vested                          ( 1,750)                                       ( 1,889)                 ( 1,948)             
  Shares forfeited                       ( 588)                                           ( 261)                   ( 274)             
  Shares unvested as of December 31                                          1,165                    3,419                    5,569  

For the years ended December 31, 2024, 2023 and 2022, the weighted average fair values at the measurement date of restricted shares granted were $ 2.15 nil nil

b. Restricted stock units (“ RSUs”)

In March 2022, the board of directors approved the 2022 Equity Incentive Plan which became effective on the Closing Date. Pursuant to the 2022 Equity Incentive Plan, Gogoro granted RSUs to certain directors, executives, employees