Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 1784

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 10
Chunk 1784
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) following such change in control, and (ii) upon the non-employee
director ceasing to serve on the Board due to his or her death or disability (as defined in the Incentive Award Plan, or any similar
term as defined in the then-applicable plan).

Compensation under the Director Compensation Program is subject to the annual limits on non-employee director compensation set forth
in the Incentive Award Plan (or any successor plan).

90

Compensation Committee Interlocks and Insider
Participation

None of the members of our
compensation committee has ever been an executive officer or employee of the Company. None of our executive officers currently serve,
or has served during the last completed fiscal year, on the compensation committee or board of directors of any other entity that
has one or more executive officers that serve as a member of the Board or compensation committee.

Item 12.
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.

The following table sets forth
information regarding the beneficial ownership of our common stock as of March 27, 2025, by:

    ●
    each person who is the beneficial owner of more than 5% of the outstanding shares of common stock;

    ●
    each of our named executive officers and directors; and

    ●
    all our executive officers and directors as a group. 

The beneficial ownership of
our common stock is based on 46,888,876 shares of common stock issued and outstanding. Beneficial ownership is determined according to
the rules of the SEC, which generally provide that a person has beneficial ownership of a security if he, she or it possesses sole or
shared voting or investment power over that security, including options and warrants that are currently exercisable or exercisable within
60 days. Except as described in the footnotes below and subject to applicable community property laws and similar laws, we believe that
each person listed above has sole voting and investment power with respect to such shares.

    Name of Beneficial Owners(1) 
    Number of Shares of Common Stock Beneficially Owned  
    Percentage of Outstanding Common Stock 
  
    5% Stockholders: 

    Thesis, Inc. 
     4,127,542  
     8.80%
  
    Craft Ventures II, L.P.(2) 
     3,643,947  
     7.77%
  
    Fulgur Frontier Capital LP