Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 299

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 299
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718, or any successor thereto) of all awards granted to a non -employeedirector as compensation for services as a non -employeedirector during any fiscal year may not exceed $750,000 (or, with respect to the first fiscal year of New Fold during which a non -employeedirector first serves as a non -employeedirector, $1,500,000). Eligibility.New Fold’s directors, employees and consultants, and employees and consultants of New Fold’s subsidiaries, will be eligible to receive awards under the Incentive Award Plan; however, ISOs may only be granted to employees of New Fold or New Fold’s parent or subsidiary corporations. Following the Closing, New Fold is expected to have approximately 7 directors, 30 employees and 2 consultants who will be eligible to receive awards under the Incentive Award Plan. Types of Awards.The Incentive Award Plan allows for the grant of awards in the form of: (i) ISOs; (ii) non -qualifiedstock options (“ NSOs”); (iii) SARs; (iv) restricted stock; (v) restricted stock units (“ RSUs”); (vi) dividend equivalents; and (vii) other stock or cash based awards. • Stock Options and SARs. The plan administrator may determine the number of shares to be covered by each option and/or SAR, the exercise price and such other terms, conditions, and limitations, including the vesting, exercise, term and forfeiture provisions, applicable to each option and/or SAR as it deems necessary or advisable. Stock options provide for the purchase of shares of New Fold Common Stock in the future at an exercise price set on the grant date. Options granted under the Incentive Award Plan may be either ISOs or NSOs. ISOs, in contrast to NSOs, may provide tax deferral beyond exercise and favorable capital gains tax treatment to their holders if certain holding period and other requirements of the Internal Revenue Code of 1986, as amended (the “ Code”) are met. SARs entitle their holder, upon exercise, to receive from New Fold an amount equal to the appreciation of the shares subject to the award between the grant date and the exercise date. The exercise price of an option or SAR is determined by the plan administrator at the time of grant but generally shall not be less than 100% of the fair market value of the underlying shares on the grant date, or in the case of ISOs granted to an employee who owns more than 10