Company: AWRE
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058702
Chunk: 32

Company: AWARE INC /MA/
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 32
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1 Employee Stock Purchase Plan         |     |                   |         — |     |                   |    — |     |                    |   747,404 |
| Equity compensation plans not approved by 
 stockholders:                             |     |                   |           |     |                   |      |     |                    |           |
| 2001 Nonqualified Stock Plan              |     |                   |    80,000 |     |                   | 4.73 |     |                    |         — |
| 2023 Equity incentive stock plan          |     |                   | 1,495,089 |     |                   | 2.14 |     |                    | 2,519,363 |
| Total                                     |     |                   | 1,575,089 |     |                   | 2.27 |     |                    | 3,266,767 |

Description of the 2023 Equity Incentive Stock Plan On January 17, 2024, our stockholders approved our 2023 Equity and Incentive Plan, following which, no further awards will be granted under the 2001 Plan. The committee may at any time amend or cancel an outstanding award granted under the plan. In either case, no such action may adversely affect rights under any outstanding award without the holder’s consent The following summary of the material provisions of the Aware, Inc. 2001 Nonqualified Stock Plan, as amended (the “2001 plan”), is qualified in its entirety by reference to the full text of the plan. The 2001 plan permits the grant of (1) nonqualified stock options, which are options that do not qualify as incentive stock options, (2) restricted stock awards, (3) unrestricted stock awards and (4) performance share awards. The maximum number of shares of common stock issuable in connection with awards granted under the 2001 plan is 8,000,000 shares. The 2001 plan is administered by a committee consisting of at least two directors who are both “non-employee directors” within the meaning of Rule 16b-3 under the Securities Exchange Act. Except as specifically reserved to the board under the terms of the 2001 plan, the committee has full and final authority to operate, manage and administer the 2001 plan on our behalf. Our compensation committee, currently consisting of Messrs. Connolly, Johnstone, and Stafford, administers the 2001 plan. The committee fixes the term of each stock option granted under the 2001 plan at