Company: OWLS
Filing Date: 2025-09-24
Form Type: F-1/A
Source: 0001193125-25-213968
Chunk: 129

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-09-24
Form: F-1/A
Chunk 129
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 15,958 |   |

84

Notes:

| (1) | On August 8, 2025, we granted awards under our Share Incentive Plan for an aggregate of 1,361,279 Restricted                                                                                                                                    
 Share Units (RSUs) and 5,011,898 Restricted Shares. As of September 24, 2025, 806,260 RSUs remained unvested and outstanding. In addition, 15,967 RSUs had vested but the underlying Class A Common Shares were not issued, as they were        
 withheld by the Company to satisfy certain tax withholding obligations. As of September 24, 2025, 4,749,803 Class A Common Shares represented unvested Restricted Shares. As an independent valuation report was not available as of the grant  
 date, the grant-date fair value of the RSUs and Restricted Shares was determined at US$10.00 per share, consistent with the Company’s most recent private placement completed between April and August 2025. Based on this valuation, the total 
 share-based compensation expense is estimated at US$60.6 million, of which US$10.8 million has been recognized and US$49.8 million remains unrecognized as of September 24, 2025. The total estimated                                           
 share-based compensation expense is expected to be recognized over a weighted-average vesting period of 2.6 years from the date of grant.                                                                                                       |

The number of our Class A Common Shares and Class B Common Shares to be outstanding following the effectiveness of this registration statement is based upon 37,869,671 outstanding Class A Common Shares and 50,508,000 outstanding Class B Common Shares as of September 15, 2025, and does not include:

| • |     | 806,260 unvested and outstanding RSUs as of September 15, 2025, covering Class A Common Shares that are     
 issuable upon satisfaction of a service-based vesting condition, as granted under the Share Incentive Plan; |

| • |     | 255,000 Class A Common Shares from the assumed full conversion, upon the direct listing, of rights issued in                                                                                                                                    
 connection with the SAFE agreements entered into in 2025, in the amount of financing of US$2.55 million immediately following the listing, assuming the conversion price at US$10.00 per share, which is equal to the price at which we sold an 
 aggregate of 1,560,970 shares of our Class