Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 772

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 772
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 date, an award of restricted stock units with a grant-date value of approximately $125,000 (each an “Annual Award”),
which will vest in full on the earlier to occur of (i) the one-year anniversary of the applicable grant date and (ii) the day before the
date of the next annual meeting following the grant date, subject to the director’s continued service on the Board through the applicable
vesting date. Each non-employee director who is initially elected or appointed after the closing of the Business Combination, other than
on the date of an annual meeting, will receive a pro-rated Annual Award.

In addition, each equity award granted under the
Director Compensation Program will vest in full upon (i) a change in control of the Company (as defined in the Incentive Award Plan,
or any similar term as defined in the then-applicable plan) if the non-employee director will not become a member of the Board or the
board of directors of the Company’s successor (or any parent thereof) 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,