Company: SQFTP
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001641172-25-005264
Chunk: 71

Company: Presidio Property Trust, Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 71
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% 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 1,000,000 shares to 2,000,000 shares and having such preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption as determined by the Board. The full text of the Charter Amendment is set forth in the Articles of Amendment attached hereto as Appendix Band is incorporated by reference herein.

The current charter of the Company authorizes the Company to issue up to 109,001,000 shares of common stock, $0.01 per share, of