Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 338

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 338
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— 2024 Bonuses” below. (3)Amounts represent matching contributions made by Fold made under Fold’s 401(k) plan. NARRATIVE TO SUMMARY COMPENSATION TABLE 2024 Salaries The named executive officers receive a base salary to compensate them for services rendered to Fold. The base salary payable to each named executive officer is intended to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities. During 2024, Fold’s named executive officers’ annual base salaries were as follows: Mr. Reeves: $200,000; Mr. Repass: $195,250; and Ms. Goncalves: $199,000. The Summary Compensation Table above shows the actual base salaries paid to each named executive officer in fiscal year 2024.

210 2024 Bonuses In 2024, Mr.Reeves received a $37,500 performance bonus, which he was eligible to earn based on quarterly revenue generated by Fold from certain of its customers. None of our other named executive officers earned or were eligible to earn cash bonuses in 2024. Equity Compensation Certain of Fold’s named executive officers currently hold Fold RSUs covering shares of common stock in Fold. In January 2024, Mr. Repass and Ms. Goncalves were granted awards of 1,000 Fold RSUs and 51,000 Fold RSUs, respectively, and in August 2024, Messrs. Reeves and Repass were granted awards of 671,642 Fold RSUs and 89,552 Fold RSUs, respectively, in each case, under the 2019 Plan. Such Fold RSUs vest upon satisfaction of both a service -basedvesting requirement and a liquidity event vesting requirement, as follows: (i) one -fourthof the Fold RSUs satisfy the service -basedvesting requirement on the first anniversary of the vesting commencement date, and 1/48 thof the Fold RSUs satisfy the service -basedvesting condition on each monthly anniversary of the vesting commencement date thereafter, subject to the executive officer’s continued service through the applicable service -vestingdate; and (ii) the liquidity event vesting condition is satisfied upon the first to occur, on or prior to the seventh (7 th) anniversary of the grant date, of a change in control of Fold or an initial public offering of Fold’s common stock, subject to (for the August 2024 awards granted to Messrs. Reeves and Repass)