Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 133

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1
Chunk 133
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 forms of incentive compensation to our officers, employees, directors and consultants. The maximum number of shares of common stock
that may be issued pursuant to awards granted under the Plan is 3,000,000 shares. Cancelled and forfeited stock options and stock awards
may again become available for grant under the Plan. For a further description of the Plan, see Item 11. “Executive Compensation
– Amended and Restated 2021 Equity Incentive Plan”.

(2)Includes both vested and unvested options to purchase common stock under the Plan. Does not include any
restricted stock that has been granted subject to forfeiture as of December 31, 2024.

(3)The amount in column (a) includes the following maximum number of shares of common stock that must be
issued under Performance Share Awards or stock options if specified targets are met and pursuant to the other terms and conditions of
the Plan as of December 31, 2024: (i) up to 25,000 shares under Performance Share Awards and 100,000 shares under stock options to David
Browner, Chief Financial Officer; and (ii) up to 82,992 shares under Performance Share Awards (including the annual maximum of 20,000
shares of common stock under certain performance conditions and the 2024 annual maximum of 62,992 shares of common stock under certain
performance conditions based on the quotient of $80,000 divided by $1.27, the closing price of the Company’s common stock on April
14, 2024, pursuant to the A&R Audibert Consulting Agreement) and up to 180,000 shares under stock options to John Audibert, Vice President
of Growth and Strategic Initiatives; and (iii) up to 100,000 shares under stock options to Ian Wall, Chief Information Officer. The number
of shares subject to these awards may overstate expected dilution because the awards reflect the maximum number of shares to be awarded
under targets that may not be achieved. The weighted-average exercise price in column (b) does not take these awards into account.

(4)Represents shares available for award grant purposes under the Plan. Does not include any restricted stock
that has been granted subject to forfeiture as of December 31, 2024.

74

 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE.

Transactions with Related Persons

The following includes a summary of transactions