Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 179

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 179
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 RSUs, respectively, and in August 2024, Mr. Reeves and Mr. 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-based
vesting requirement and a liquidity event vesting requirement, as follows: (i) one-fourth of the Fold RSUs satisfy the service-based
vesting requirement on the first anniversary of the vesting commencement date, and 1/48 of the Fold RSUs satisfy the service-based
vesting condition on each monthly anniversary of the vesting commencement date thereafter, subject to the executive officer’s continued
service through the applicable service-vesting date; and (ii) the liquidity event vesting condition is satisfied upon the first to
occur, on or prior to the seventh (7) 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 Mr. Reeves and Mr. Repass) the applicable executive
officer’s continued service through the consummation of such change in control or initial public offering.

Prior to the Business Combination,
Legacy Fold historically granted stock options to our named executive officers under the Fold, Inc. 2019 Equity Incentive Plan (the “2019
Plan”). In connection with the Business Combination, the Company adopted the Incentive Award Plan and the ESPP, each of which became
effective on the date of the Closing.

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-time employees. The Code allows eligible
employees to defer a portion of their compensation, within prescribed limits, on a pre-tax basis through contributions to the 401(k) plan.
Currently, we match contributions made by participants in the 401(k) plan up to a specified percentage of the employee contributions,
and these matching contributions are fully vested as of the date on which the contribution is made. We believe that providing a vehicle
for tax-deferred retirement savings though a 401(k) plan adds to the overall desirability of its executive compensation package and
further incentivizes