Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 310

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 1A
Chunk 310
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(3)  
     1,041,147 (4) 
  
    Equity compensation plans not approved by security holders 
     -  
     -  
     - 
  
    Total 
     1,958,853 (2)(3)  
    $4.79(3)  
     1,041,147 (4) 

(1)On September 14, 2021, the board of directors and the stockholders of the Company approved the Stran &
Company, Inc. Amended and Restated 2021 Equity Incentive Plan. The purpose of the Plan is to grant restricted stock, stock options and
other 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