Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 1299

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 7
Chunk 1299
---
 * 
  
    Michael Francis**
    (3) 
     24,662  
     * 
  
    Ian Smith
    (3) 
     -  
     * 
  
    Patti McGlasson
    (3) 
     81,050  
     * 
  
    Roger Almond
    (3) 
     20,736  
     * 
  
    Malea Farsai
    (3) 
     39,811  
     * 
  
    The Vanguard Group
    (5) 
     649,497  
     5.51%
  
    All officers and directors as a group (nine persons)
      
     1,786,935  
     15.16%

*
Less than one percent

**
Michael Francis is no longer a director of the Company

(1)
Except as otherwise indicated, the Company believes that the beneficial owners of the common stock listed below, based on information
furnished by such owners, have sole investment and voting power with respect to such shares, subject to community property laws where
applicable. Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes
voting or investment power with respect to securities.

(2)
Beneficial ownership is determined in accordance with the rules of the Commission and generally includes voting or investment power with
respect to securities. Shares of common stock relating to share grants that will vest or options currently exercisable or exercisable
within 60 days of September 18, 2025, are deemed outstanding for computing the percentage of the person holding such securities but are
not deemed outstanding for computing the percentage of any other person. Except as indicated by footnote, and subject to community property
laws where applicable, the persons named in the table above have sole voting and investment power with respect to all shares shown as
beneficially owned by them.

(3)
Address c/o NetSol Technologies, Inc. at 16000 Ventura Blvd., Suite 770, Encino, CA 91436.

(4)
Shares issued and outstanding as of September 18, 2025 were 11,785,540.

(5)
5% or greater shareholder based on Schedule 13G filing on February 13, 2024.

47

ITEM
13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE. 

Transactions
with Related