Company: MDXG
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001376339-25-000048
Chunk: 72

Company: MIMEDX GROUP, INC.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 72
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 April 11, 2025.

If shareholders approve the Amendment to the Plan, th en 7,950,000 a dditional shares will become available for grant as full value shares and other awards under the Plan. We estimate that this will be sufficient to make grants for approximately three years, assuming no cancellation or forfeiture of outstanding awards, but our estimate depends on a number of factors, including the rate at which prior awards are forfeited and the rate at which our workforce grows. Refer to the table below which shows the amount of prior grants and forfeitures. The Plan is our only plan for providing stock-based compensation to our eligible employees and non-employee directors.

Shareholder approval of the Amendment to the Plan is required by Nasdaq Stock Market listing standards.

#### Reasons for the Amendment
The Amendment will allow the Company to continue to make grants under the Plan for the purpose of attracting, retaining, and motivating key employees, and to continue to support the Company’s growth. Based on its review, the Compensation Committee determined that an insufficient number of shares were available under the Plan to continue to provide future grants to the Company’s employees and non-employee directors. As noted above, there remain only 7,115,535 shares available for grant as of April 11, 2025.

Over the past three-year period, we have used the following number of shares under the Plan (non-Plan inducement grants not included):

|                                                                                                  |     | 2022 |     |             |     | 2023 |     |             |     | 2024 |     |             |     | Average   
 2022-2024 |     |             |
| Total Number of Employees on January 1                                                           |     |  813 |     |             |     |      |     |         874 |     |      |     |         895 |     |           |     |         861 |
| Number of Employees Receiving Grants During the Year                                             |     |  133 |     |             |     |      |     |         162 |     |      |     |         167 |     |           |     |         154 |
| Shares Subject to Options Granted During the Year                                                |     |      |     |           — |     |      |     |           — |     |      |     |     344,026 |     |           |     |     114,675 |
| Shares of Full Value Awards Granted During the Year                                              |     |      |