Company: GIPRW
Filing Date: 2025-04-30
Form Type: 10-K/A
Source: 0000950170-25-061249
Chunk: 13

Company: GENERATION INCOME PROPERTIES, INC.
Filing Date: 2025-04-30
Form: 10-K/A
Chunk 13
---
     |               | - |     |                                        | - |     |                                             | - |     |                        | - |     | $     | 50,000 |
| Patrick Quilty   |                             | - |     | $                | 50,000 |     |               | - |     |                                        | - |     |                                             | - |     |                        | - |     | $     | 50,000 |

| (1) | The amounts reported in this column represent the aggregate fair value of the stock awards, calculated in accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 718, Stock Compensation. Relevant assumptions used to determine these amounts include a $5.68 per share valuation with a 0% forfeiture rate. In June 2024, the Board approved stock awards to be paid in restricted stock units, replacing the restricted stock shares. |
| (2) | Director resigned as of December 31, 2024.                                                                                                                                                                                                                                                                                                                                                                                                                                     |

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AN D MANAGEMENT AND RELATED STOCKHOLDER MATTERS The following table sets forth information regarding the beneficial ownership of our common stock as of March 28, 2025 by: • each person who is known by us to beneficially own more than 5% of our outstanding common stock,

<div align='center'>8</div>

• each of our directors and named executive officers, and • all directors and executive officers as a group. The number and percentage of shares beneficially owned are based on 5,443,188 common shares outstanding as of March 28, 2025. Information with respect to beneficial ownership has been furnished by each director, officer or beneficial owner of more than 5% of our common stock. Beneficial ownership is determined in accordance with the rules of the SEC, which generally require that the individual have voting or investment power with respect to the shares. In computing the number of shares beneficially owned by an individual listed below and the percentage ownership of that individual, shares underlying options, warrants and convertible securities held by each individual that are exercisable or convertible within 60 days of March 28, 2025, are deemed owned and outstanding, but are not deemed outstanding for computing the percentage ownership of any other individual. Except as otherwise indicated in the footnotes to this table, or as required by applicable community property laws, all individuals listed have sole voting and investment power for all shares shown as beneficially owned by them. Unless otherwise indicated below