Company: INTG
Filing Date: 2025-09-30
Form Type: 10-K
Source: 0001493152-25-016154
Chunk: 306

Company: INTERGROUP CORP
Filing Date: 2025-09-30
Form: 10-K
Item: Item 8
Chunk 306
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 in column (a)) 
  
    14 
    (a)  
    (b)  
    (c) 

    Equity compensation plans approved by security holders 
     269,195  
    $     16.81  
     14,000 

    Equity compensation plans not approved by security holders 
     None  
     N/A  
     None 

    Total 
     269,195  
    $16.81  
     14,000 

(a)
Represents stock options outstanding under The InterGroup Corporation 2010 Omnibus Employee Incentive Plan.

(b)
Reflects only stock options; there were no RSUs outstanding as of June 30, 2025.

(c)
Based on 400,000 shares authorized under the 2010 Incentive Plan and cumulative grants of 386,000 shares through June 30, 2025; remaining
availability is 14,000 shares. See Note 15—Stock-Based Compensation Plans.

77

Item
13. Certain Relationships and Related Transactions, and Director Independence.

InterGroup–Portsmouth
revolving credit facility. As described in Note 16 – Related Party Transactions, InterGroup (the parent) provides an unsecured
revolving loan facility to its majority-owned subsidiary, Portsmouth Square, Inc. (“Portsmouth”). The facility was amended
in March 2025 to increase availability to $40.0 million and extend maturity to July 31, 2027, and in May 2025 to reduce the interest
rate to 9% per annum. During fiscal 2025 and 2024, InterGroup advanced $11.615 million and $10.793 million, respectively; amounts outstanding
were $38.108 million and $26.493 million at June 30, 2025 and 2024, respectively. Principal and accrued interest are due at maturity;
the loan is prepayable without penalty. All material intercompany accounts and transactions are eliminated in consolidation.

Shared
services. Certain corporate costs (primarily administrative expenses, rent and insurance) are allocated between InterGroup and Portsmouth
based on estimated pro-rata usage. Allocations were approximately $144,000 in each of fiscal 2025 and 2024 and are eliminated in consolidation.

Ownership
and overlapping roles. As of June 30, 2025, InterGroup owned approximately 75.9% of Portsmouth’s outstanding common stock, and