Company: SWAGW
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001213900-25-109289
Chunk: 313

Company: Stran & Company, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 1A
Chunk 313
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2022,
the Company adopted broker repurchase instructions pursuant to Rule 10b-18, which terminated on May 20, 2023. On June 2, 2023, the Company
adopted broker repurchase instructions pursuant to Rule 10b-18, which terminated on June 2, 2024. On May 15, 2025, the Company adopted
broker repurchase instructions pursuant to Rule 10b-18, which will terminate on May 15, 2026. On June 30, 2025, the Company adopted broker
repurchase instructions pursuant to Rule 10b-18 and Rule 10b5-1 promulgated pursuant to the Exchange Act (“Rule 10b5-1”).
Each of the above broker repurchase instructions was adopted in accordance with the restrictions that would apply to the Company if it
were subject to the Stran & Company, Inc. Second Amended and Restated Insider Trading Policy (the “Insider Trading Policy”),
which generally permits insider purchases of the Company’s stock during the period beginning on the second business day following
the day of public release of the Company’s quarterly or annual earnings and ending on the last day of the then-current quarter;
repurchases pursuant to a plan that meets the requirements of Rule 10b5-1; or that meet certain other requirements. A copy of the Insider
Trading Policy was filed by the Company with the SEC on April 14, 2025 as Exhibit 19.1 to the Company’s Annual Report on Form 10-K
for the year ended December 31, 2024.

47

(2)On August 28, 2025, the Company entered into a Stock Purchase
Agreement (the “Stock Purchase Agreement”) with Andrew Shape (the “Seller”), the Company’s President, Chief
Executive Officer and a member of its board of directors. Pursuant to the Stock Purchase Agreement, the Company repurchased from the
Seller 100,000 shares of the Company’s common stock at a price of $1.47 per share, for an aggregate purchase price of $147,024.22
(the “Repurchase”). The Repurchase was effected under, and counted toward, the Company’s Repurchase Program. Because
the Seller is an executive officer and director of the Company and the dollar value of the transaction exceeds the lesser of $120,000
or one percent of the average of the Company’s total assets at year-end for