Company: SQFTP
Filing Date: 2025-04-07
Form Type: PRE 14A
Source: 0001641172-25-003040
Chunk: 72

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-07
Form: PRE 14A
Chunk 72
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 the current Plan described on pages 35 through 38 of this proxy statement, except that (i) the number of shares authorized for issuance thereunder shall be 4,500,000 shares of common stock and (ii) on April 1 stand October 1 stof each year, the maximum number of shares of common stock available under the Plan shall automatically increase to 15% of the Company’s outstanding shares of common stock, if on such date 4,500,000 shares constitute less than 15% of the Company’s then-outstanding shares of common stock. This summary does not purport to be a complete description of all of the provisions of the Second Amended and Restated Plan and is qualified in its entirety by the draft of the Second Amended and Restated Plan attached as Appendix A.

New Plan Benefits; Awards Granted Under the Second Amended and Restated Plan

The benefits that will be awarded or paid under the Second Amended and Restated Plan, if stockholder approval of Proposal 3 is obtained, cannot currently be determined. Awards granted under the Second Amended and Restated Plan are within the plan administrator’s discretion, and the plan administrator has not determined future awards or who might receive them.

<div align='center'>RECOMMENDATION OF THE BOARD OF DIRECTORS</div>

The Board of Directors unanimously recommends a vote FOR amending and restating the 2017 Incentive Award Plan to (i) increase the number of shares available for issuance thereunder to 4,500,000 from 3,500,000 shares of common stock and (ii) revise the Plan’s evergreen provision to, on April 1 stand October 1 stof each year, automatically increase the maximum number of shares of common stock available under the Plan to 15% of the Company’s outstanding shares of common stock, if on such date 4,500,000 shares constitute less than 15% of the Company’s then-outstanding shares of common stock.

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<div align='center'>PROPOSAL 4

PROPOSAL TO AMEND OUR CHARTER TO PROVIDE FOR

AN INCREASE IN THE NUMBER OF AUTHORIZED SHARES OF PREFERRED STOCK</div>

Description of Proposal

The Board has declared advisable and recommends to the stockholders an amendment (“Charter Amendment”) to the charter of the Company to increase the number of authorized shares of preferred stock, par value $0.01 per share (“preferred stock”), of the Company from 1,000,