Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 340

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 340
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 by more than 60 miles, then, in either case, the award will vest in full (to the extent then -unvested). (3)Represents Fold RSUs that vest upon satisfaction of both a service -basedvesting requirement and a liquidity event vesting requirement. The service -basedvesting condition is satisfied as to one -fourthof the Fold RSUs on the first anniversary of the vesting commencing date and as to 1/48 thof the Fold RSUs on each monthly anniversary of the vesting commencement date thereafter, subject to the grantee’s continued service through the applicable vesting date. 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. (4)Represents Fold RSUs that vest upon satisfaction of both a service -basedvesting requirement and a liquidity event vesting requirement. The service -basedvesting condition is satisfied as to one -fourthof the Fold RSUs on the first anniversary of the vesting commencing date and as to 1/48 thof the Fold RSUs on each monthly anniversary of the vesting commencement date thereafter, subject to the grantee’s continued service through the applicable vesting date. 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 the grantee’s continued service through the consummation of such change in control or initial public offering.

212 Executive Compensation Arrangements Offer Letters Offer Letter for Mr. Reeves Fold is party to an offer letter, as amended, with Mr. Reeves, which sets forth the terms and conditions of employment for Mr. Reeves, including base salary, his initial awards of restricted Fold Common Stock and eligibility to participate in our employee benefit plans. Pursuant to his offer letter, if Mr. Reeves’ employment is terminated by us without “cause” or he resigns for “good reason” (each such term as defined in the offer letter) then, subject to his timely execution and non -revocationof a release of claims in favor of Fold, Mr. Reeves is eligible to receive a cash severance payment equal to 12 months of base salary, payable in a lump sum. Offer Letters for Mr. Repass and