Company: XTKG
Filing Date: 2025-04-25
Form Type: 20-F
Source: 0001213900-25-035626
Chunk: 266

Company: X3 Holdings Co., Ltd.
Filing Date: 2025-04-25
Form: 20-F
Item: Item 19
Chunk 266
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 is17,134(post-reverse stock split adjusted to2,855) Class A ordinary shares.

On April 4, 2019, the Board approved to issue219(post-reverse stock
split adjusted to36) stock options to its employees under 2018 stock option plan with exercise price of $24,000(post-reverse stock split
adjusted to $144,000) per share. These options generally have vesting periods of1-3years and will expire no later than April 3, 2024.
On January 29, 2022, the Board cancelled this plan.

On April 4, 2019, the Board
approved to issue62(post-reverse stock split adjusted to10) stock options to an external consultant under 2018 stock option plan with
an exercise price of $18,000(post-reverse stock split adjusted to $108,000) per share. These options were fully vested upon grant and
will expire no later than April 3, 2029. On February 18, 2021, the consultant excised12(post-reverse stock split adjusted to2) shares
options on a cashless basis. On February 6, 2021, the Company issued5(post-reverse stock split adjusted to1) Class A ordinary shares
to the consultant.

F-39

X3 HOLDINGS CO., LTD.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 16 - Equity(continued)

On May 26, 2021, the Board approved to issue1,584(post-reverse stock
split adjusted to264) stock options to its employees under 2018 stock option plan with an exercise price of $5,856(post-reverse stock
split adjusted to $35,136) per share. 836(post-reverse stock split adjusted to140) of these stock options were fully vested upon grant; 748(post-reverse stock split adjusted to124) of these stock options generally have vesting periods of1-3years. The options will expire
no later than May 26, 2026. On January 26, 2022, the Board approved to amend the exercise price from $5,856(post-reverse stock split
adjusted to $35,136) to $1,632(post-reverse stock split adjusted to$9,792) per share,1,210(post-reverse stock split adjusted to202)
of these stock options were fully vested upon grant; 374(post-reverse stock