Company: SWAGW
Filing Date: 2025-08-29
Form Type: 8-K
Source: 0001213900-25-082580
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Company: Stran & Company, Inc.
Filing Date: 2025-08-29
Form: 8-K
Item: Item 1.01
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Item 1.01 Entry into
a Material Definitive Agreement.

On August 28, 2025, Stran & Company, Inc.
(the “ Company”) entered into a Stock Purchase Agreement (the “ Stock Purchase Agreement”) with Andrew Shape (the
“ Seller”), the Company’s President, Chief Executive Officer and a member of its Board of Directors (the “ Board”).
Pursuant to the Stock Purchase Agreement, the Company will repurchase from the Seller 100,000 shares of the Company’s common stock,
par value $0.0001 per share (the “ Shares”), at a price of $1.47 per share, for an aggregate purchase price of $147,024.22
(the “ Repurchase”). The Stock Purchase Agreement is filed as Exhibit 10.1 to this Current Report on Form 8-K, and the description
above is qualified in its entirety by reference to such exhibit.

The Repurchase is being effected under, and will
count toward, the Company’s previously disclosed stock repurchase program authorized by the Board on February 21, 2022 (the “ Repurchase
Program”), which permits the Company to repurchase up to $10 million of its outstanding common stock in accordance with applicable
securities laws, including Rule 10b-18 promulgated under the Securities Exchange Act of 1934, as amended. Consistent with all other shares
acquired pursuant to the Repurchase Program, the Shares acquired from the Seller will be retired and cancelled immediately upon settlement
and will cease to be outstanding.

Because the Seller is an executive officer and
director of the Company and the dollar value of the transaction exceeds the lesser of $120,000 or one percent of the average of the Company’s
total assets at year-end for the last two completed fiscal years, the Repurchase constitutes an “ Interested Transaction” under
the Company’s Related Party Transactions Policy (the “ Policy”) and a transaction with a “related person”
under Item 404(a) of Regulation S-K. In accordance with the Policy and the Nominating and Corporate Governance Committee Charter adopted
by the Board, the terms of the Stock Purchase Agreement and the Repurchase were reviewed and unanimously approved by the Nominating and
Corporate Governance Committee of the Board, which is composed entirely of independent directors, and unanimously approved by the full
Board, which is composed of a majority of independent directors.

Item 9.01. Financial Statements and Exhibits.