Company: CDLX
Filing Date: 2025-04-03
Form Type: DEF 14A
Source: 0001666071-25-000046
Chunk: 31

Company: Cardlytics, Inc.
Filing Date: 2025-04-03
Form: DEF 14A
Chunk 31
---
, which may be accessed from the SEC’s website at www.sec.gov.

General. The 2025 Plan provides for the grant of incentive stock options within the meaning of Section 422 of the Internal Revenue Code of 1986 (the "Code"), as amended, or, nonstatutory stock options, stock appreciation rights, restricted stock awards, restricted stock unit awards, performance-based stock awards, and other forms of equity compensation, which are collectively referred to as stock awards. Additionally, the 2025 Plan provides for the grant of performance cash awards. Incentive stock options may be granted only to employees. All other awards may be granted to employees, including officers, and to non-employee directors and consultants.

Share Reserve. The aggregate number of shares of our common stock that may be issued pursuant to stock awards under the 2025 Plan will not exceed the sum of (i) 10,000,000 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 the 2025 Plan (such as upon the expiration or termination of a stock award prior to vesting), as such shares become available from time to time. The maximum number of shares that may be issued upon the exercise of incentive stock options under our 2018 Plan is 15,722,908 shares. 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.

Director Compensation Limit. The maximum number of shares of common stock subject to stock awards granted under the 2018 Plan or otherwise during any one calendar year to any