Company: FLDDW
Filing Date: 2025-01-14
Form Type: S-4/A
Source: 0001213900-25-003167
Chunk: 311

Company: Fold Holdings, Inc.
Filing Date: 2025-01-14
Form: S-4/A
Chunk 311
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 employees who are eligible to participate in the ESPP. Participation. Eligible employees may become participants in the ESPP for an offering period by completing a subscription agreement prior to the enrollment date of the applicable offering period, which will designate a whole percentage of the eligible employee’s compensation to be withheld as payroll deductions under the ESPP during the offering period. Offerings; Purchase Periods • Offerings; Purchase Periods. Under the ESPP, participants are offered the right to purchase shares of New Fold Common Stock at a discount during a series of offering periods. The length of the offering periods under the ESPP will be determined by the plan administrator and may be up to twenty -seven(27) months long. Accumulated payroll deductions will be used to purchase shares of New Fold Common Stock on each purchase date during an offering period. The number of purchase periods within, and purchase dates during, each offering will be established by the plan administrator, but in no event will any purchase period exceed six (6) months in the absence of a contrary designation by the plan administrator. Offering periods under the ESPP will commence when determined by the plan administrator. The plan administrator may, in its discretion, modify the terms of future offerings. • Enrollment and Contributions. The ESPP permits participants to purchase New Fold Common Stock through payroll deductions of a whole percentage of their eligible compensation, which may not be less than 1% and may be up to a maximum percentage of such compensation determined by the plan administrator (which, in the absence of a contrary designation, will be 15% of eligible compensation). The plan administrator will establish a maximum number of shares that may be purchased by a participant during any offering period or purchase period, which, in the absence of a contrary designation, will be [ •] shares of New Fold Common Stock for an offering period and [ •] shares of New Fold Common Stock for a purchase period. In addition, a participant may not, with respect to the Section 423 Component, subscribe for more than $25,000 worth of shares under the ESPP per calendar year in which such rights to purchase stock are outstanding (considered together with any other ESPP maintained by New Fold or certain parent or subsidiary entities) based on the fair market value of the shares at the time the purchase right is granted. • Purchase Rights. On the first trading day of each offering period, each participant will automatically be granted an option to purchase shares of New Fold Common Stock. Unless a participant has previously withdrawn his or her participation in, or has otherwise