Company: CTLPP
Filing Date: 2025-10-10
Form Type: DEF 14A
Source: 0001628280-25-044777
Chunk: 31

Company: CANTALOUPE, INC.
Filing Date: 2025-10-10
Form: DEF 14A
Chunk 31
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 Equity Awards
Our equity awards to our NEOs primarily reflect initial awards in connection with hires and promotions, as opposed to awards granted under a general annual program.

|                               |     | Rationale                                                                                                                                                                                                                                                       |
| Stock Options                 |     | We believe stock options motivate executives to build long-term shareholder value and help the Company to retain executive talent.                                                                                                                              |
| Restricted Stock Units (RSUs) |     | We believe RSUs provide an appropriate focus on NEO retention and establish strong alignment with long-term stockholder interests through performance-based payouts, and further align our long-term incentive program to with the companies in our peer group. |

As described above, our Compensation Committee believes that equity awards are an essential component of an effective compensation program, because they provide a direct link between our shareholders’ interests and our employees, executive officers, directors, and advisors. Our Compensation Committee is therefore focused on emphasizing the importance of equity compensation awards in setting executive compensation. Each NEO’s outstanding equity awards are described in further on the following page.

#### 542026Proxy Statement
Compensation Discussion & Analysis

#### Equity Awards Granting

#### Ravi Venkatesan
| Fiscal Year |     | Grant                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 2023        |     | •On August 11, 2022, Mr. Venkatesan was awarded a grant of 12,011 RSUs, which vest in three equal installments on each of anniversary of the grant date, generally subject to Mr. Venkatesan’s continued employment through each such vesting date.                                                                                                                                                                                             
 •In connection with his appointment to Chief Executive Officer, Mr. Venkatesan was granted the option to purchase 800,000 options pursuant to the Company’s 2018 Equity Incentive Plan, to be vested equally on the first four anniversaries of October 1, 2022, which are subject to the terms of the award agreement and contingent on the approval of additional shares in the Second Amendment to the Company’s 2018 Equity Incentive Plan. |
| 2024        |     | •On August 4, 2023,Mr. Venkatesan was awarded a grant of 32,904 RSUs, which vest in three equal installments on each of anniversary of the grant date, generally subject to Mr. Venkatesan’s continued employment through each such vesting date.                                                                                                                                                                                               |
| 2025        |     | •On September 20, 2024, Mr.