Company: FGI
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001628280-25-020349
Chunk: 34

Company: FGI Industries Ltd.
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 34
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 following the earnings release. The Compensation Committee believes this represents a sufficient amount of time for the public markets to absorb the

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Company’s earnings results prior to the grant date. Accordingly, the Company does not take material non-public information (“MNPI”) into account when determining the timing and terms of the option awards and has not timed the disclosure of MNPI with the purpose of affecting the value of the options awards.

The following table contains information required by Item 402(x)(2) of Regulation S-K about stock options granted to the executive officers in fiscal 2024 during the period from four business days before to one business day after the filing of the Annual Report on Form 10-K for the year ended December 31, 2023, as described above. Though these options grants were made within four business days of the filing of the Company’s Form 10-K, the Company’s trading window was open and the filing of the Form 10-K was not believed to be a release of material, nonpublic information.

| Name        |     | Grant Date |     | Number of Securities Underlying the Award |     |         |     | Exercise Price of the Award |      |     | Grant Date Fair Value of the Award |     |         |     | Percentage change in the closing market price of the securities underlying the award between the trading day ending immediately prior to the disclosure of MNPI and the trading day beginning immediately following the disclosure of MNPI(1) |
|:------------|:----|:-----------|:----|:------------------------------------------|:----|--------:|:----|:----------------------------|-----:|:----|:-----------------------------------|:----|--------:|:----|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| David Bruce |     | 3/22/2024  |     |                                           |     | 130,000 |     | $                           | 1.50 |     |                                    |     | 195,000 |     | 0.54%                                                                                                                                                                                                                                         |
| John Chen   |     | 3/22/2024  |     |                                           |     | 120,000 |     | $                           | 1.50 |     |                                    |     | 180,000 |     | 0.54%                                                                                                                                                                                                                                         |

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(1) The table requires disclosure of these option grants; however, we do not believe that the heading of this column applies as we believe that the Annual Report on Form