Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 118

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 118
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 without Cause (as defined in the Wall Employment Agreement)
during the first year of employment and two months’ salary if terminated during the second year of employment. Mr. Wall will be
offered certain health care, dental, life insurance, disability, and retirement benefits. Mr. Wall will receive unlimited vacation days
encompassing vacation, personal and sick days, subject to two weeks’ notice and approval whenever possible.

After the
first year of employment, all cash and equity bonus compensation goals and bonus figures will be reviewed. Benchmarks and bonus percentages
will be adjusted each year based on changing business factors.

The Wall
Employment Agreement and Mr. Wall’s equity award agreements have general non-solicitation provisions but do not have non-competition
provisions. Mr. Wall is also subject to a standard non-disclosure requirement under the Wall Employment Agreement.

Mr. Wall
has executed the Company’s standard Indemnification Agreement with officers and directors. Mr. Wall is covered by the Company’s
directors and officers insurance policy as an executive officer.

67

Outstanding Equity Awards at Fiscal Year-End 

As of December 31, 2024, the following named executive
officers had the following unexercised options, stock that has not vested, and equity incentive plan awards:

    Option Awards 
    Stock Awards 
  
    Name 
    Number of Securities Underlying Unexercised Options Exercisable  (#)  
    Number of Securities Underlying Unexercised Options Unexercisable (#)   
    Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#)  
    Option Exercise Price ($)  
    Option Expiration Date 
    Number of Shares or Units of Stock That Have Not Vested (#)  
    Market Value of Shares of Units of Stock That Have Not Vested ($)  
    Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#)  
    Equity Incentive Plan Awards: Market or Payout Unearned Shares, Units or Other Rights That Have Not Vested ($) 
  
    Andrew Shape 
     249,604(1)  
     74,206(1) 
     —  
    $4.15  
    11/11/2031 
     —  
    $—  
     —  
    $— 
  
    Andrew Stranberg