Company: LDWY
Filing Date: 2025-09-26
Form Type: PRE 14A
Source: 0001104659-25-093874
Chunk: 11

Company: LENDWAY, INC.
Filing Date: 2025-09-26
Form: PRE 14A
Chunk 11
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 a reasonably prompt basis the amount of any erroneously awarded incentive-based compensation resulting from an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws. The policy applies to incentive-based compensation received by covered executive officers on or after October 2, 2023. Compensation of Directors The following table summarizes the compensation paid to our directors.

| ​                   | ​ |                            ​ | ​ |            ​ |
| ​                   | ​ | Fees Earned or Paid Cash (a) |   |              |
| Name                |   |               FYE 12/31/2024 |   | TP 6/30/2025 |
| Mary H. Herfurth    | ​ |                      $22,000 | ​ |      $11,000 |
| Chad B. Johnson     | ​ |                      $17,000 | ​ |       $8,500 |
| Mark R. Jundt       | ​ |                      $22,000 | ​ |      $11,000 |
| Matthew R. Kelly    | ​ |                      $17,000 | ​ |       $8,500 |
| Daniel C. Philp     | ​ |                      $17,000 | ​ |       $8,500 |
| Nicholas J. Swenson | ​ |                      $22,000 | ​ |      $11,000 |

| (a) | Reflects annual board retainer and fees for attending Board, committee and conference call meetings earned during the Transition Period Ended 2025 and the fiscal year ended 2024, inclusive of amounts related to the Director Deferred Compensation Plan. As of June 30, 2025, the following directors held shares under the plan: Ms. Herfurth held 9,193 shares, Mr. Johnson held 12,653 shares, Mr. Jundt held 4,756 shares, Mr. Kelly held 7,102 shares, Mr. Philp held 6,521 shares and Mr. Swenson held 10,589 shares. |

In the Transition Period Ended 2025, non-employee directors generally were eligible to receive an annual cash retainer of $17,000 per year of service and the Chairman of the Board and each Committee Chair were eligible to receive an additional annual cash retainer of $5,000.

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<div align='center'>PRELIMINARY PROXY STATEMENT – SUBJECT TO COMPLETION</div>

**Director Deferred Compensation

Effective January 1,