Company: CDLX
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001666071-25-000046
Chunk: 26

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 26
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5 Plan allows us to attract, retain and motivate selected employees, consultants and directors through the granting of stock-based compensation awards. Our Board of Directors believes that the 2025 Plan is an integral part of our long-term compensation philosophy and that the 2025 Plan is necessary to continue providing the appropriate levels and types of equity compensation. If the 2025 Plan is approved by our stockholders, no further awards will be granted under the 2018 Plan following such approval. However, any awards outstanding under the 2018 Plan will continue to be governed by their existing terms.

#### Requested Shares
Subject to adjustment for certain changes in our capitalization, if this Proposal 3 is approved by our stockholders, the aggregate number of shares of our common stock that may be issued pursuant to stock awards under the 2025 Plan will not exceed 15,722,908 shares (based on shares available as of March 26, 2025), which is the sum of (i) 10,000,000 new shares plus (ii) the number of shares reserved, and remaining available for issuance, under our 2018 Plan at the time the 2025 Plan becomes effective and (iii) the number of shares subject to stock options or other stock awards granted under our 2008 Stock Plan or 2018 Plan that would have otherwise returned to our 2018 Plan (such as upon the expiration or termination of a stock award prior to vesting), as such shares become available from time to time. If a stock award granted under the 2025 Plan expires or otherwise terminates without being exercised in full, or is settled in cash, the shares of our common stock not acquired pursuant to the stock award again will become available for subsequent issuance under the 2025 Plan. In addition, the following types of shares under the 2025 Plan may become available for the grant of new stock awards under the 2025 Plan: (1) shares that are forfeited to or repurchased by us prior to becoming fully vested; (2) shares withheld to satisfy income or employment withholding taxes; or (3) shares used to pay the exercise or purchase price of a stock award. Shares issued under the 2025 Plan may be previously unissued shares or reacquired shares bought by us on the open market.

Why We Believe It Is Important to Vote to Approve the 2025 Plan

Equity Awards Are an Important Part of Our Compensation Philosophy

Our Board of Directors believes that our future success depends, in