Company: INV
Filing Date: 2025-10-23
Form Type: S-1
Source: 0001140361-25-039085
Chunk: 123

Company: Innventure, Inc.
Filing Date: 2025-10-23
Form: S-1
Chunk 123
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                                             |     |           |     |             |
| •Formation of a new (4th) operating company                         |     | 10%       |     | Yes         |
| •$10 million of booked revenue for Accelsius                        |     | 10%       |     | No          |
| •$15 million of GAAP revenue for AeroFlexx                          |     | 5%        |     | No          |

The 2024 bonuses were also subject to a stretch goal (formation of a new (5 th) operating company), which would have resulted in an additional 50% payout. In 2025, the Compensation Committee (and the Board with respect to Mr. Haskell) determined that 85% of the 2024 bonus goals were achieved (as shown in the table above) and that the stretch goal was not achieved. As such, the Compensation Committee (or Board, as applicable) determined that each NEO notionally earned a payout percentage of 85% of the target bonus, which corresponds to the following payout amounts: $255,000 for Mr. Haskell; $255,000 for Mr. Otworth; and $255,000 for Dr. Scott. Payout of such amounts is generally contingent on the NEO’s continued service through the date of payment. Such amounts are expected to be disclosed in a future Summary Compensation Table for the year in which payment is made and the applicable service requirements have lapsed. Mr. Haskell also earned a cash bonus of $2,500,000 in connection with the successful consummation of the Business Combination in 2024. 2024 Equity-Based Compensation In connection with the Business Combination, we adopted the Innventure, Inc. 2024 Equity and Incentive Compensation Plan (the “2024 Plan”). The 2024 Plan allows for equity compensation awards to our directors, employees and certain other service providers.

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In December 2024, the Compensation Committee approved equity incentive awards for the NEOs consisting of service-based RSUs and stock options under the 2024 Plan. Awards for our NEOs were as follows:

| NEO             |     |    RSUs |     | Options* |
| Gregory Haskell |     |       — |     |        — |
| Mike Otworth    |     | 537,705 |     |  262,295 |
| Dr. John Scott  |     | 336,066 |     |  163,934 |

| * | The options