Company: FLDDW
Filing Date: 2025-08-14
Form Type: 8-K
Source: 0000950170-25-108866
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Company: Fold Holdings, Inc.
Filing Date: 2025-08-14
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Bonus Plan

On August 8, 2025, the Board of Directors of Fold Holdings, Inc. ("Fold") approved Fold's Annual Bonus Plan (the "Bonus Plan"). The Bonus Plan generally applies to all full-time employees, including the executive officers.

Under the Bonus Plan, the “ Company Performance Criteria” for the performance period (generally, the calendar year) will be determined by the Compensation Committee and may include, but is not limited to, the following: (1)

The Bonus Plan provides that payments will be made (as determined by the Compensation Committee, in cash, bitcoin, or shares/awards of Fold common stock pursuant to the Equity Plan) by March of the year following the applicable performance period, provided that the participant remains in employment as of the date of payment.

Will Reeves (CEO) and Wolfe Repass (CFO) are eligible to receive a bonus of up to 80% and 50% of their annual base salary, respectively.

The foregoing summary of the Bonus Plan is qualified in its entirety by reference to the full text of the Bonus Plan, a copy of which is attached hereto asExhibit 10.1 and incorporated herein by reference.

Executive Severance Plan

On August 11, 2025, in connection with the previously disclosed Executive Severance Plan (the “ Executive Severance Plan”), the Company issued "Participation Notices" (as defined in the Executive Severance Plan) to Will Reeves (CEO) and Wolfe Repass (CFO) reflecting their participation in the Executive Severance Plan. For additional information about the Executive Severance Plan (including the payments and benefits that each such executive officer will be eligible to receive in the event of a future "Qualifying Termination"), please refer to the Company's Current Report on Form 8-K filed with the Securities and Exchange Commission on February 14, 2025.

Item 9.01 Financial Statements and Exhibits.