Company: CHUC
Filing Date: 2025-06-24
Form Type: DEF 14A
Source: 0001437749-25-021182
Chunk: 24

Company: Charlie's Holdings, Inc.
Filing Date: 2025-06-24
Form: DEF 14A
Chunk 24
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      | (43,067 | ) |     |       | (50,926 | ) |     |      |   4,000 |   |     |       |   4,000 |   |     |      | (14,000 | ) |     |       |       - |   |
| Add: Vesting date fair value of awards granted and vested during the covered fiscal year                                                                                                                                 |     |      |       - |   |     |       |       - |   |     |      |       - |   |     |       |       - |   |     |      |       - |   |     |       |       - |   |
| Add (Deduct): Changes as of the vesting date (from the end of the prior fiscal year) in fair value of awards granted in any prior fiscal year for which vesting conditions were satisfied during the covered fiscal year |     |      |   1,417 |   |     |       |   1,118 |   |     |      |  (8,000 | ) |     |       |  (2,000 | ) |     |      | (12,000 | ) |     |       |       - |   |
| CAP Amounts (as calculated)                                                                                                                                                                                              |     | $    | 201,168 |   |     | $     | 138,318 |   |     | $    | 373,000 |   |     | $     | 311,000 |   |     | $    | 242,000 |   |     | $     | 356,000 |   |

17

Agreements with Named Executive Officers and Potential Payments Upon Termination or Change of Control

The material terms of the employment agreements with our named executive officers are as follows:

Ryan Stump. On June 15, 2023, we entered into a new employment agreement with Ryan Stump (the “New Agreement”). Pursuant to the New Agreement, Mr. Stump will serve as Chief Operating Officer for a term of two years, renewable on an annual basis unless earlier terminated by the Company or Mr. Stump. In the event that Mr. Stump is terminated by the Company without Cause (as defined therein) or in the event Mr. Stump terminates his employment for Good Reason (as defined therein), he will be entitled to receive his base salary and benefits for a period of one year. In the event of a change in control, all unvested