Company: FLDDW
Filing Date: 2025-07-28
Form Type: S-1/A
Source: 0001213900-25-068264
Chunk: 275

Company: Fold Holdings, Inc.
Filing Date: 2025-07-28
Form: S-1/A
Chunk 275
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 |         — |   |     | (550,367 | ) |
| Forfeited                             |     |  (284,123 | ) |     |        — |   |
| Shares nonvested at December 31, 2023 |     | 1,540,976 |   |     |  150,458 |   |
| Granted                               |     | 1,006,582 |   |     |        — |   |
| Vested                                |     |         — |   |     | (129,533 | ) |
| Forfeited                             |     |    (4,750 | ) |     |        — |   |
| Shares nonvested at December 31, 2024 |     | 2,542,808 |   |     |   20,925 |   |

Note that while certain RSUs have met the service condition, no RSUs have met the performance condition, and are therefore not included in common shares issued and outstanding as of December 31, 2024 or 2023. 12. COMMITMENTS AND CONTINGENCIES 401(k) Plan We sponsor a 401(k) defined contribution plan covering all eligible U.S. employees. Both Company and employee contributions to the 401(k) plan are discretionary. For each of the years ended December 31, 2024 and 2023, we recorded $0.1 million of expenses related to the 401(k) plan, which is included in compensation and benefits in the accompanying statements of operations. Litigation The Company was not a party of any ongoing or pending litigation as of December 31, 2024 or 2023 and accordingly, has not made any accrual related to legal proceedings in the Company’s balance sheets. 13. INCOME TAXES Income tax (benefit) expense consists of:

|                              |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:-----------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Federal current tax expense  |     | $ |            — |     | $ |            — |
| State current tax expense    |     |   |        7,400 |     |   |       10,242 |
| Total current tax expense    |     |   |        7,400 |     |   |       10,242 |
| Federal