Company: OWLS
Filing Date: 2025-02-07
Form Type: DRS/A
Source: 0000950123-25-001222
Chunk: 316

Company: OBOOK HOLDINGS INC.
Filing Date: 2025-02-07
Form: DRS/A
Chunk 316
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 because the effect of these potential common shares was anti-dilutive for the years ended December 31, 2023 and 2022.

| NOTE 19. | Share-based Payment |

| (a) | Employee stock options and share-based payments |

At the Board of Directors’ meeting on July 15, 2021, the Company issued the first employee stock option plan. The subscribers are entitled to current management and full-time employees before the date of granting the options. Details of the employee stock options of the Company are as follows:

|                          |     |         Equity-settled |
|                          |     | Employee stock options |
| Fair value at grant date |     |                973,532 |
| Number of shares granted |     |              6,575,327 |
| Contract term            |     |                2 years |
| Vesting conditions       |     |     Immediately vested |

F-37

OBOOK HOLDINGS INC. AND SUBSIDIARIES Notes to the Consolidated Financial Statements (Continued)

| (b) | Determining the fair value of equity instruments granted |

The Company used the Black-Scholes pricing model in measuring the fair value of the share-based payment at the grant date. The measurement inputs were as follows:

|                             |     |                   2021 |
|                             |     | Employee stock options |
| Fair value at grant date    |     |           0.001~0.3279 |
| Share price at grant date   |     |                   1.36 |
| Expected volatility (%)     |     |                 35.99% |
| Expected life (years)       |     |                2 years |
| Risk-free interest rate (%) |     |                  0.23% |

Expected volatility is calculated using the weighted average of historical volatility of other entities in the same industry, and is adjusted with any additional market information about the volatility. The Company determined the risk-free rate for the duration of the option based on government bonds, ensuring compliance with relevant regulations.

| (c) | Description of share-based payment arrangements |

Details of the employee stock options were as follows:

|                                     |     | 2023           
 Weighted       
 average        
 exercise price |        |     | Number of 
 options   |            |   |     | 2022           
 Weighted       
 average        
 exercise price |        |     | Number of 
 options   |            |   |
|:------------------------------------|:----|:---------------|-------:|