Company: CRCT
Filing Date: 2025-04-01
Form Type: PRE 14A
Source: 0001828962-25-000058
Chunk: 51

Company: Cricut, Inc.
Filing Date: 2025-04-01
Form: PRE 14A
Chunk 51
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% annually over four years commencing on the grant date, in each case subject to continued employment through each vesting date and potentially subject to accelerated vesting as described below in the section entitled “Potential Payments upon Termination or Change in Control.” IPO option grants dated March 24, 2021 have the same vesting terms as the corresponding incentive unit award (i.e., 25% annually over four years commencing on July 1, 2019, March 1, 2021 and August 17, 2021, respectively), in each case subject to continued employment through the vesting date and potentially subject to accelerated vesting as described below in the section entitled “Potential Payments upon Termination or Change in Control.” Awards granted on May 1, 2021 vest 25% annually over four years commencing on May 15, 2021, in each case subject to continued employment through each vesting date and potentially subject to accelerated vesting as described below in the section entitled “Potential Payments upon Termination or Change in Control.”

(2) Option exercise price was reduced by $1.35 per share as required by our 2021 Equity Incentive Plan and related agreements in connection with our special dividends paid in 2023.

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(3) The total number of shares or units of stock in this column includes dividend equivalents as required by our 2021 Equity Incentive Plan and related agreements in connection with our special dividends paid in 2024.

(4) Market value of restricted stock and RSUs that have not vested is computed by multiplying (i) 5.70, the closing price on the Nasdaq of our Class A common stock on December 31, 2024, the last trading day of our fiscal year, by (ii) the number of shares of stock underlying the applicable award.

#### Option Exercises and Stock Vested for Fiscal 2024
The following table sets forth the number of shares of restricted stock that vested, and the associated value realized, upon the vesting during fiscal 2024 by each of our named executive officers. None of our named executive officers exercised stock options during fiscal 2024.

|                 |     |                             Stock Awards |     |                                  |
| Name            |     | Number of Shares Acquired on Vesting (#) |     | Value Realized on Vesting ($)(1) |
| Ashish Arora    |     |                                1,216,783 |     |