Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2145

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2145
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 receive an annual equity award under the Incentive Plan in the form of RSUs with
a value of $100,000.

103

Each initial equity award
and annual equity award is expected to vest over a three-year period, with one-third to vest on the first anniversary of the grant date
and then quarterly thereafter (provided that any initial equity award granted to a non-employee director of Zoomcar as of immediately
following the Closing is expected to vest on the first anniversary of the Closing). In each case, vesting is subject to the non-employee
director’s service as a director through the vesting date. Each initial equity award and annual equity award is also expected to
accelerate in full upon a change in control of Zoomcar.

    Non- Employee Director Fees 
  
    Annual Board Cash Retainer 
    $75,000 
  
    Additional Retainer for Chairman of the Board 
    $15,000 
  
    Retainers for Committee Members 

    ●    Audit 
    $10,000 
  
    ●    Compensation 
    $6,000 
  
    ●    Nominating and Corporate Governance 
    $4,000 
  
    Additional Retainers for Committee Chairs 

    ●    Audit 
    $10,000 
  
    ●    Compensation 
    $6,000 
  
    ●    Nominating and Corporate Governance 
    $4,000 
  
    Initial Equity Award 
    $300,000 
  
    Additional Initial Equity Award for Chairman of the Board 
    $100,000 
  
    Annual Equity Award 
    $100,000 

Zoomcar will also reimburse
non-employee directors for reasonable travel and other expenses incurred in connection with attending meetings of the Board and any committee
of the Board on which they serve.

Item 12. Security Ownership of Certain Beneficial Owner and Management
and Related Stockholder Matters

The following table sets
forth information regarding the beneficial ownership of our voting shares as of the date of the filing of 10-K:

    ●
    each person who is known to be the beneficial owner of more than 5% of our voting shares;

    ●
    each of our named executive officers and directors; and

    ●
    all of our executive officers and directors as a group.

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