Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 1353

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 6
Chunk 1353
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 10b-18
promulgated under the Exchange Act. The Repurchase Plan was terminated in June 2024.

F-26

STRAN & COMPANY, INC.

NOTES TO THE CONSOLIDATED
FINANCIAL STATEMENTS

(in thousands, except share and per share amounts)

Below is a table containing information about purchases
made by the company during the year ended December 31, 2023. The Company did not repurchase any shares during the year ended December
31, 2024.

    Period 
    Total Number of Shares Purchased  
    Average Price Paid per Share  
    Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs  
    Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs 
  
    January 1, 2023 - December 31, 2023 
     37,509  
    $1.32  
     1,815,166  
    $6,618 

O.STOCK-BASED COMPENSATION:

In November 2021, the Board of Directors
adopted the Amended and Restated 2021 Equity Incentive Plan (the “2021 Plan”) which provides for the granting of non-qualified
stock options and restricted stock to the Company’s employees, officers, directors, and outside consultants to purchase shares of
the Company’s common stock. As of December 31, 2024, the number of shares of common stock available for issuance under the
2021 Plan is 1,077,205 shares of common stock.

Stock-based compensation expense included
the following components:

    December 31, 2024  
    December 31, 2023 
  
    Stock options 
    $40  
    $49 
  
    Restricted stock 
     88  
     151 

    $128  
    $200 

All stock-based compensation expense
is recorded in General and administrative expense in the Statements of Operations.

Non-Qualified Stock Options

The fair value of options is estimated
on the date of grant using the Black-Scholes option pricing model using the assumptions noted in the table below. The fair value is amortized
as compensation cost on a straight-line basis over the requisite service period of the awards, which is generally the vesting period.
The Company uses historical data on employee turnover and terminations to estimate the percentage of