Company: LGCY
Filing Date: 2025-10-24
Form Type: DEF 14A
Source: 0001493152-25-019285
Chunk: 23

Company: Legacy Education Inc.
Filing Date: 2025-10-24
Form: DEF 14A
Chunk 23
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 3.74 |     | 4/1/2034        |
|                |     |                      |   7,267 |     |               |  79,942 | -3 |     |                    | 7.25 |     | 4/2/2035        |
| Ragheb Milad   |     |                      | 153,553 |     |               |       - |    |     |                    | 3.74 |     | 4/1/2034        |
|                |     |                      |   7,267 |     |               |  79,942 | -3 |     |                    | 7.25 |     | 4/2/2035        |

(1) These stock options vest in monthly installments over a three year period beginning on September 27, 2024, subject to continuing service.

(2) These stock options vest in monthly installments over a three year period beginning on April 2, 2025, subject to continuing service.

(3) These stock options vest in monthly installments over a three year period beginning on April 2, 2025, subject to continuing service.

| 14 |

Employment Agreements

LeeAnn Rohmann Employment Agreement

On July 1, 2023, we entered into an employment agreement with LeeAnn Rohmann (as amended, the “Rohmann Employment Agreement”). Pursuant to the Rohmann Employment Agreement, Ms. Rohmann received a base salary of $275,000 per annum. In addition, Ms. Rohmann shall be entitled to participate in employee benefit plans such as medical, vision, basic life and dental insurance. On March 28, 2025, we entered into an amendment (the “Rohmann Amendment”) to the Rohmann Employment Agreement pursuant to which Ms. Rohmann’s base salary was increased to $415,000 and Ms. Rohmann shall be eligible to receive a target potential payout equal to her base salary, and a maximum potential payout of up to 300% of her base salary, if the Company meets or exceeds criteria adopted by the Company’s compensation committee.

The Rohmann Employment Agreement may be terminated by the Company without cause upon 30 days prior written notice to Ms. Rohmann or immediately for cause. In addition, Ms. Rohmann may terminate her employment at any time without cause upon 30 days prior written notice to the Company. Furthermore, the Rohmann Employment Agreement will terminate upon Ms