Company: FLDDW
Filing Date: 2025-04-11
Form Type: 424B3
Source: 0001213900-25-031004
Chunk: 178

Company: Fold Holdings, Inc.
Filing Date: 2025-04-11
Form: 424B3
Chunk 178
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         |     |        |           |     |                |        |     |              |       |     |       |           |
| Nicolleta Goncalves                   |     |        |         |     |        |           |     |                |        |     |              |       |     |       |           |
| Vice President of Risk and Compliance |     |        | 198,000 |     |        |   150,960 |     |                |        |     |              | 5,942 |     |       |   355,902 |

| (1) | Amounts reflect the full grant-date fair value of Fold RSUs granted during 2024 computed in accordance                                
 with Financial Accounting Standards Board Accounting Standards Codification Topic 718, rather than the amounts paid to or realized by 
 the named individual.                                                                                                                 |

| (2) | Amount reflects a cash bonus paid to Mr. Reeves in respect of certain revenue generated for Fold in 2024. 
 For additional information, see “— 2024 Bonuses” below.                                                   |

| (3) | Amounts represent matching contributions made by Fold made under Fold’s 401(k) plan. |

NARRATIVE TO SUMMARY
COMPENSATION TABLE

2024 Salaries

The named executive officers
receive a base salary to compensate them for services rendered to Fold. The base salary payable to each named executive officer is intended
to provide a fixed component of compensation reflecting the executive’s skill set, experience, role and responsibilities. During
2024, Fold’s named executive officers’ annual base salaries were as follows: Mr. Reeves: $200,000; Mr. Repass: $195,250;
and Ms. Goncalves: $198,000. The Summary Compensation Table above shows the actual base salaries paid to each named executive officer
in fiscal year 2024.

2024 Bonuses

In 2024, Mr. Reeves received
a $37,500 performance bonus, which he was eligible to earn based on quarterly revenue generated by Fold from certain of its customers.
None of our other named executive officers earned or were eligible to earn cash bonuses in 2024.

<div align='center'>102</div>

Equity Compensation

Certain of Fold’s named
executive officers currently hold Fold RSUs covering shares of common stock. In January 2024, Mr. Repass and Ms. Goncalves were granted
awards of 1,000 Fold RSUs and 51,000 Fold