Company: BCG
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0001104659-25-066066
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Company: Binah Capital Group, Inc.
Filing Date: 2025-07-07
Form: 8-K
Item: Item 5.02
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Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of  

On June 30, 2025 (the “ Grant Date”),
the Compensation Committee of the Board of Directors (the “ Committee”) of Binah Capital Group, Inc. (the “ Company”),
approved the grant to Mr. Craig Gould, the Company’s Chief Executive Officer, under the Company’s 2024 Equity Incentive Plan
(the “ Plan”) of nonqualified options to purchase 600,000 shares of the Company’s common stock, par value $0.0001
per share (“ Common Stock”), at an exercise price per share of Common Stock equal to $2.04 (the “ Gould Options”).
The Gould Options will be subject to the terms of the Plan and its applicable form of notice of grant of stock option and agreement adopted
thereunder (the “ Option Agreement”). The Gould Options will vest as follows: one-third (1/3) of the shares vested on
December 31, 2024, and the remaining two-thirds (2/3) will vest ratably on the last day of each calendar month following the initial vesting
date through December 31, 2026, based on continued service through each vesting date, with the first such monthly vesting date being on
January 31, 2025. The Gould Options will become fully vested and exercisable upon a Change in Control, as defined in the Plan. Additionally,
the Committee also approved the grant to Mr. Gould of 500,000 restricted stock units (the “ Gould RSUs”), each representing
the right to receive one share of the Company’s common stock. The Gould RSUs will be subject to the terms of the Plan and its applicable
form of notice of grant of restricted stock units adopted thereunder. The Gould RSUs will vest in equal installments on the first and
second anniversaries of the Grant Date, subject to Mr. Gould’s continued service with the Company through each applicable vesting
date. Lastly, the Committee approved the grant of 107,843 fully vested restricted Common Stock shares (the “ Gould Restricted
Stock”) at a fair market value per share of Common Stock on the grant date equal to $2.04, with an aggregate grant date fair
market value of $220,000.

Also on the Grant Date, the Committee approved
the grant to Mr. David Shane, the Company