Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1431

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 7
Chunk 1431
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(1)On November 12, 2021, Andrew Shape was granted an option
to purchase 323,810 shares of common stock. The option is subject to vesting over a four-year period with 25% of the option vesting on
the first anniversary of the date of grant and the balance (75%) vesting monthly over the following three years after the first anniversary
of the date of grant at a rate of 1/36 per month.

(2)On November 12, 2021, Andrew Stranberg was granted an option
to purchase 400,000 shares of common stock. The option is subject to vesting over a four-year period with 25% of the option vesting on
the first anniversary of the date of grant and the balance (75%) vesting monthly over the following three years after the first anniversary
of the date of grant at a rate of 1/36 per month.

(3)On January 2, 2024, Ian Wall was granted an option to purchase
15,000 shares of common stock. The option vested as to 5,000 shares of common stock upon grant and was subject to vesting as to 5,000
shares of common stock on each of January 2, 2025 and January 2, 2026.

(4)On January 2, 2024, Ian Wall became entitled to awards of
options to purchase up to 100,000 shares of common stock subject to performance-based conditions, which had not been met as of December
31, 2024.

Director Compensation

The following table sets forth information concerning
all cash and non-cash compensation awarded to, earned by or paid to the directors who are not named executive officers for services rendered
in all capacities during the fiscal year ended December 31, 2024:

    Name 
    Fees Earned or Paid in Cash  
    Stock Awards  
    Option Awards  
    Non-Equity Incentive Plan Compensation Earnings  
    Nonqualified Deferred Compensation Earnings  
    All Other Compensation  
    Total 
  
    Travis McCourt 
    $26,000  
           -(1)  
            -(1)  
           -  
          -  
           -  
    $26,000 

    Alan Chippindale 
    $26,000  
     -(