Company: OXBRW
Filing Date: 2025-07-28
Form Type: PRE 14A
Source: 0001641172-25-021161
Chunk: 37

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-07-28
Form: PRE 14A
Chunk 37
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| (4) | The                                                                                                                                     
 amount represents a grant of stock made pursuant to the 2024 Omnibus Incentive Plan of the Company’s subsidiary, SP Holdings.           
 The options were granted conditioned on service to the Company and SP Holdings are subject to forfeiture upon termination of employment 
 and restriction of transfer. The options will vest in increments of 6.25% on a quarterly basis over a four calendar-year period through 
 to December 31, 2027, and will expire on the 10th anniversary of the date of grant unless earlier exercised or earlier terminated       
 due to termination of employment.                                                                                                       |
| (5) | The                                                                                                                                     
 amounts reflect the aggregate grant date fair value for each NEO’s restricted share and stock option awards granted in 2024             
 under the SP Holdings’ 2024 Omnibus Incentive Plan, determined in accordance with FASB ASC Topic 718, “Compensation-Stock               
 Compensation”.                                                                                                                          |

| 23 |

Outstanding Equity Awards at Fiscal Year-End 2024

The following table sets forth information regarding outstanding stock option and restricted stock awards held by our NEOs at December 31, 2024, including the number of shares underlying both exercisable and unexercisable portions of each option as well as the exercise price and expiration date of each outstanding option:

| Name            |     | Number                                                       
 of Securities Underlying Unexercised Options Exercisable (#) |         |    |     | Number of Securities Underlying       
 Unexercised Options Unexercisable (#) |         |     | Equity                                                                                  
 Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |   |     | Option             
 Exercise Price ($) |       |     | Option Expiration Date |     | Number                                               
 of Shares or Units of Stock That Have Not Vested (#) |         |     | Market                                                     
 Value of Shares or Units of Stock That Have Not Vested ($) |        |     | Equity                                                                                           
 Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |   |     | Equity                                                                                       
 Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That 
 Have Not Vested ($)                                                                          |   |
|:----------------|:----|:-------------------------------------------------------------|--------:|---:|:----|:--------------------------------------|--------:|:----|:----------------------------------------------------------------------------------------