Company: TCMD
Filing Date: 2025-03-28
Form Type: DEF 14A
Source: 0001558370-25-003924
Chunk: 63

Company: TACTILE SYSTEMS TECHNOLOGY INC
Filing Date: 2025-03-28
Form: DEF 14A
Chunk 63
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 awards to the extent permitted under the 2025 Plan. Unless an amendment to the terms of an award is

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| 66 | Tactile Systems Technology, Inc. |

necessary to comply with applicable laws, stock exchange rules or our compensation recovery policy, a participant whose rights would be materially impaired by such an amendment must consent to it. Except in connection with changes in the Company's capitalization in which share adjustments are specifically authorized, the 2025 Plan prohibits the plan administrator from repricing any outstanding "underwater" option or SAR awards without the prior approval of our stockholders. For these purposes, a "repricing" includes amending the terms of an option or SAR award to lower the exercise price, canceling an option or SAR award in exchange for replacement option or SAR awards having a lower exercise price, or canceling an underwater option or SAR award in exchange for cash, other property or a "full value award," which is an equity-based award other than an option or SAR award. To the extent permitted by law and stock exchange rules, the 2025 Plan permits the plan administrator to delegate its duties, power and authority under the plan to any of its members, to our executive officers or non-employee directors with respect to awards to participants who are not themselves our directors or executive officers, or to one or more agents or advisors with respect to non-discretionary administrative duties. Available Shares and Limitations on Awards. A maximum of 1,850,000 shares of our common stock may be the subject of awards and issued under the 2025 Plan. The shares of common stock issuable under the 2025 Plan will be authorized and unissued shares of our Company. The share limitations under the 2025 Plan are subject to adjustment for changes in our corporate structure or shares, as described below. Any shares of common stock subject to an award under the 2025 Plan, or to an award under the 2016 Plan that is outstanding on the date our stockholders approve the 2025 Plan, that expires, is cancelled or forfeited, is settled for cash or otherwise does not result in the issuance of all of the shares subject to such award shall, to the extent of such cancellation, forfeiture, expiration, cash settlement or non-issuance, again become available for awards under 2025 Plan, and the share reserve under the 2025 Plan will be correspondingly replenished. Any shares tendered or withheld to pay the exercise price or satisfy