Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 343

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 343
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 Fold’s named executive officers currently hold Fold RSUs covering shares of common stock in Fold. In January 2024, Mr. Repass and Ms. Goncalves were granted awards of 1,000 Fold RSUs and 51,000 Fold RSUs, respectively, and in August 2024, Messrs. Reeves and Repass were granted awards of 671,642 Fold RSUs and 89,552 Fold RSUs, respectively, in each case, under the 2019 Plan. Such Fold RSUs vest upon satisfaction of both a service -basedvesting requirement and a liquidity event vesting requirement, as follows: (i) one -fourthof the Fold RSUs satisfy the service -basedvesting requirement on the first anniversary of the vesting commencement date, and 1/48 thof the Fold RSUs satisfy the service -basedvesting condition on each monthly anniversary of the vesting commencement date thereafter, subject to the executive officer’s continued service through the applicable service -vestingdate; and (ii) the liquidity event vesting condition is satisfied upon the first to occur, on or prior to the seventh (7 th) anniversary of the grant date, of a change in control of Fold or an initial public offering of Fold’s common stock, subject to (for the August 2024 awards granted to Messrs. Reeves and Repass) the applicable executive officer’s continued service through the consummation of such change in control or initial public offering. In connection with the Business Combination, New Fold intends to adopt the Incentive Award Plan and the ESPP. It is expected that the Incentive Award Plan and the ESPP will become effective on the date of the Closing. For additional information about the Incentive Award Plan and the ESPP, please see the sections titled “ Proposal No. 5 — The Equity Incentive Plan Proposal” and “ Proposal No. 6 — The Employee Stock Purchase Plan Proposal” in this proxy statement/prospectus. Other Elements of Compensation Retirement Plan Fold currently maintains a 401(k) retirement savings plan for its employees, including its named executive officers, who satisfy certain eligibility requirements. The named executive officers are eligible to participate in the 401(k) plan on the same terms as other full -timeemployees. The Code allows eligible employees to defer a portion of their compensation, within prescribed limits, on a pre -taxbasis through contributions to the 401(k) plan. Currently, we match contributions made by participants in the 401