Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 310

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 310
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es or sub -plansthat apply to certain participating subsidiaries or jurisdictions. Share Reserve. The aggregate number of shares of New Fold Common Stock that may be issued pursuant to rights granted under the ESPP will equal 2% of the number of shares of New Fold Common Stock outstanding as of the Closing. In addition, on the first day of each fiscal year beginning on January 1, 2026 and ending on (and including) January 1, 2035, the number of shares available for issuance under the ESPP will be increased by a number of shares equal to the lesser of (i) [•]% of the outstanding shares of New Fold Common Stock on the final day of the immediately preceding calendar year, and (ii) such smaller number of shares as determined by the New Fold Board. If any right granted under the ESPP terminates for any reason without having been exercised, the shares subject thereto that are not purchased under such right will again be available for issuance under the ESPP. Notwithstanding the foregoing, no more than [•] shares of New Fold Common Stock may be issued under the Section 423 Component of the ESPP. 186 Eligible Employees. Employees who are employed by New Fold or one of its designated subsidiaries on the first trading day of the offering period, or the enrollment date, are generally eligible to participate in the ESPP for a given offering. However, an employee who owns (or is deemed to own through attribution) 5% or more of the combined voting power or value of all classes of New Fold or one of its parents’ or subsidiaries’ stock will not be allowed to participate in the ESPP (unless otherwise required under applicable law). In addition, the plan administrator may provide that an employee may not be eligible to participate in an offering under the Section 423 Component if the employee is a citizen or resident of a non -U.S. jurisdiction and the grant of a right to purchase shares would be prohibited under applicable law or would cause the Section 423 Component (or any offering thereunder) to violate the requirements of Section 423 of the Code. Additionally, the plan administrator may provide that certain highly compensated, seasonal and/or part -timeemployees and/or employees who have not met applicable service requirements may not be eligible to participate in an offering or, with respect to offerings under the Non -Section423 Component, that only certain employees are eligible to participate in such offerings (regardless of the foregoing rules). Following the Closing, New Fold is expected to have approximately [•]